#CBC: « BlackBerry loss narrows to $10M  » #Toronto #Montreal #Calgary #Ottawa #Canada


BlackBerry Ltd. beat analysts’ revenue estimates for its fourth quarter, and mentioned it expects robust billings at its high-margin software program and providers enterprise for the total 12 months. 

The firm, which reinvented itself after prospects ditched its smartphones for Apple’s iPhones and Android gadgets, mentioned income from its enterprise software program and providers enterprise rose about 19 per cent to $108 million US.

« Our strategy is working, » CEO John Chen mentioned throughout a morning convention name. BlackBerry, which had about 3,500 enterprise buyer orders within the quarter, expects complete firm software program and providers billings development to be in « double-digits » in 2019.

The firm prolonged CEO Chen’s contract earlier this month, and adopted that up with two massive offers in software program safety — one with Jaguar Land Rover and the opposite with Microsoft.

The revenue beat was helped by increased margins on software program and providers gross sales. BlackBerry’s gross margins rose to 76 per cent of the income, from 60.1 per cent a 12 months earlier.

Excluding one-time gadgets, the Waterloo, Ontario-based firm earned 5 cents per share. Analysts on common had anticipated the corporate to interrupt even, in accordance with Thomson Reuters I/B/E/S.

Net loss narrowed to $10 million, or 6 cents per share, within the fourth quarter ended Feb. 28, from $47 million, or 10 cents per share, a 12 months earlier.

Note: « Previously Published on: 2018-03-28 11:28:43, as ‘BlackBerry loss narrows to $10M

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