Good morning, Austin! We have scrolled the internet to bring you the latest in technology news. Here are today’s headlines:
Uber will test food delivery by drone
Uber plans to deliver food by drone in San Diego as part of a wide-reaching commercial test program approved by the federal government on Wednesday, said Dara Khosrowshahi, the chief executive officer.
Khosrowshahi said people should expect meal delivery in five to 30 minutes, depending on whether it comes from a drone or a human. “Push a button and get food on your doorstep,” he said. Uber is now the largest food delivery business in the world, Khosrowshahi added.
The U.S. Transportation Department said it chose 10 state, local and tribal governments and a handful of companies, including Alphabet Inc, FedEx, Intel, QualComm and Uber to work together on commercial drone testing.
Apple kills $1 billion Irish data center over delays
Apple is scrapping plans to build a $1 billion green data center in Ireland.
The tech giant made the announcement on Thursday, citing delays in the approval process.
“Despite our best efforts, delays in the approval process have forced us to make other plans and we will not be able to move forward with the data centre,” Apple said in a statement on Thursday.
Apple had announced plans to build the data center in February 2015, choosing its location in rural Ireland to “take advantage of green energy sources nearby,” reports Reuters. However, two people appealed the plans, delaying its approval for the last three years.
Austin’s SailPoint beats the street with earnings
SailPoint Technologies on Wednesday reported a loss of $6 million in its first quarter.
On a per-share basis, the Austin-based company said it had a loss of 7 cents. Earnings, adjusted for one-time gains and costs, were 2 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The identity governance software developer posted revenue of $49.7 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $44.7 million.
Upland Software also exceeds expectations in Q1
Austin-based Upland Software on Wednesday reported a loss of $3.2 million in its first quarter.
On a per-share basis, the company said it had a loss of 16 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were 37 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The maker of cloud-based enterprise work-management software posted revenue of $31.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $30 million.
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