Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

BlackBerry counts on cars to reverse decline in revenue

Peter Sayer | Dec. 21, 2016
BlackBerry reported another quarter of losses and declining revenue, but CEO John Chen says the company is turning the corner

BlackBerry's biggest business is still the provision of software for managing and securing mobile devices in the enterprise, Chen said. The company fueled recent growth in this line with a series of acquisitions, leading to a patchwork software base, but now, Chen said, "all the acquisitions are completely integrated as one platform."

Together, all those changes allowed BlackBerry to report revenue of US$289 million for its fiscal third quarter, the three months to Nov. 30, according to generally accepted accounting principles (GAAP). That's down 47 percent from the $548 million it reported a year earlier.

Its net loss swelled from $89 million in the year-earlier quarter to $117 million, or $0.22 per share -- not great, but a significant improvement on the $1.04 billion loss it notched up in the preceding two quarters.

Take Chen's non-GAAP forecast that BlackBerry will break even in its fourth fiscal quarter with a pinch of salt, though: The same non-GAAP adjustments also transformed that billion-dollar hole in the first half of the year into a loss of only $2 million.

Source: ARN 

 

Previous Page  1  2 

Sign up for Computerworld eNewsletters.