Mike Wheatley
Latest from Mike Wheatley
Pegasystem’s stock tumbles on earnings and revenue miss
Low-code automation software firm Pegasystems Inc. posted disappointing second quarter financial results that saw it miss analyst’s targets on earnings, revenue and adjusted operating income. The company reported a net loss for the period of $46.8 million, improving on the loss of $268.2 million it posted one year earlier. However, its earnings before certain costs ...
Weak forecast gives Juniper investors the jitters and its stock falls
Juniper Networks Inc. offered a weak forecast for the third quarter that came in below market estimates, sending its stock down more than 7% in extended trading today. The company said lower spending by cloud computing clients in a weak economy is to blame for “continued weakness in bookings.” Earlier, Jupiter had reported solid second-quarter ...
Intel delivers surprise profit despite facing ‘persistent weakness,’ sending its stock higher
Intel Corp. bounced back from its biggest-ever loss three months ago, beating analyst expectations and returning to profitability as it delivered its second-quarter earnings results. The results sent its stock up more than 7% in extended trading. The company today posted a net profit of $1.5 billion for the quarter, with earnings before certain costs ...
CompScience, which uses visual AI to eliminate workplace safety hazards, raises $10M
Artificial intelligence-powered insurance technology startup CompScience Insurance Services, officially known as Kinetic Inc., said today it has closed on a $10 million investment from Valor Equity Partners, an early backer of Elon Musk’s Tesla Inc. and SpaceX Corp., joined by Four More Capital. CompScience is a workplace safety insurance provider with a difference, uniquely combining ...
Samsung’s operating profit dropped by 95%, but officials are optimistic of a recovery later this year
Samsung Electronics Co. Ltd. confirmed in an earnings report that its operating profit plummeted by 95%, hitting a 14-year low in the second quarter. The company, which is the world’s biggest maker of smartphones and dynamic random-access memory chips found in personal computers and other devices, reported revenue of 60.01 trillion won (around $47.21 billion) ...
Despite beating earnings expectations and raising its full-year outlook, ServiceNow’s stock falls
ServiceNow Inc. raised its full-year outlook for the second time this year after posting strong financial results that came in ahead of expectations today, yet its stock fell more than 3% in extended trading. The results were delivered as the work automation software provider detailed two new generative artificial intelligence products and an alliance with ...
Meta’s stock rallies on strong earnings beat and bullish guidance
Meta Platforms Inc. chalked up its most profitable quarter since 2021, beat analysts forecasts on earnings and revenue, and offered strong guidance for the current period, sending its stock up 7% in after-hours trading. The Facebook parent company reported second-quarter earnings before certain costs such as stock compensation of $2.98 per share, ahead of the ...
ServiceNow expands its generative AI toolbox with case summarization and text-to-code
ServiceNow Inc. said today it’s expanding its Now Assist family of artificial intelligence features with the launch of two brand new capabilities. The new features include Case Summarization, which uses generative AI to distill key information automatically across information technology, human resources and customer service use cases, and Text-to-Code, which converts natural language text prompts ...
Stability AI launches text-to-image model Stable Diffusion XL 1.0 on Amazon Bedrock
Open generative artificial intelligence startup Stability AI Ltd. has released the most advanced version of its flagship text-to-image model, Stable Diffusion XL 1.0. Launched today, SDXL 1.0 will be made available through a range of platforms, including the Stability AI application programming interface, Stability AI’s GitHub page and its Clipdrop and DreamStudio consumer applications. It ...
New Relic debuts interactive application testing platform to secure code faster
New Relic Inc. is expanding its observability toolbox with a new service called New Relic Interactive Application Security Testing, available today in public preview. According to the company, New Relic IAST extends application security testing by providing visibility and context into the findings. It also offers advanced threat and vulnerability detection accuracy with near-zero false ...