Month: January 2020
Tesla’s record 2019 has bought it some breathing room
Tesla’s record-setting number of sales in 2019 also helped the electric automaker generate more money in one year than ever before, the company announced Wednesday afternoon. Tesla generated $24.6 billion in revenue in 2019, buoyed by a fourth quarter revenue figure of $7.4 billion. Tesla still didn’t turn an annual…
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Microsoft’s Office, Surface, and cloud businesses lead Q2 results
Microsoft posted the second quarter of its 2020 financial results today, reporting revenue of $36.9 billion and net income of $11.6 billion. Surface and Office are both up, and revenue from Windows licenses has also increased just as Windows 7 support comes to an end. Gaming revenue is down a…
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Microsoft shares rise after it beats revenue, profit expectations, Azure posts 62% growth
Today Microsoft reported its fiscal 2020 second quarter (calendar Q4 2019) results, including revenue of $36.9 billion (up 14%), net income of $11.6 billion (up 38%), and diluted earnings per share of $1.51. Investors had expected the company to report profit of $1.32 per share, off revenue of $35.67 billion.…
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Facebook hits 2.5B users in Q4 but shares sink from slow profits
Facebook beat Wall Street estimates in Q4 but slowing profit growth beat up the share price. Facebook reached 2.5 billion monthly users, up 2%, from 2.45 billion in Q3 2019 when it grew 1.65%, and it now has 1.66 billion daily active users, up 2.4% from 1.62 billion last quarter…
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Self-driving company Waymo teams up with UPS for package delivery
Waymo will start delivering parcels for UPS using its self-driving Chrysler Pacifica minivans in Phoenix as part of a broader partnership with the shipping and logistics company. The companies said Wednesday that Waymo will pilot autonomous vehicle package pickup in metro Phoenix — the same area where its self-driving vehicles…
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UCSD hospital gets a drone delivery program powered by Matternet and UPS
Drone delivery may not make a lot of sense for food or parcel delivery yet, but for hospitals it could be a lifesaver. A new test program is being inaugurated at UC San Diego’s Jacobs Medical Center, where Matternet drones operated by UPS will fly blood samples and other items…
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