Economy

BlackBerry Q2 profit rises on back of software sales

BlackBerry Q2 profit rises on back of software sales”

The Waterloo-based company says overall revenue for the three months ended August 31 was US$238 million, down from $334 million in last year's second quarter but up $3 million from the previous quarter ended May 31. Wall Street analysts were expecting the Canada-based company to lose 3 cents per share on revenue of $219.9 million. On a GAAP basis, BlackBerry reported a loss of 7 cents a share.

BlackBerry reported that it earned 5 cents per share in the second quarter on revenue of $238 million.

The Canadian company, once known for its dominance of the smartphone market, also boasted of what is now record software and services revenue of $185-million.

Analysts had on average expected BlackBerry to break even on revenue of $220 million (roughly Rs. 1,440 crores), excluding items, according to Thomson Reuters I/B/E/S.

BlackBerry Limited (BBRY, BB.TO), a mobile-native security software and services company, Thursday said it is on track to achieve profitability for the full year 2018 and software and services revenue growth in the range of 10 percent to 15 percent.

BlackBerry CEO John Chen says the company's operating margin has improved, reflecting the transformation to a software company.



Like this

Latest


28 September 2017
Royal Caribbean uses own cruise ship to deliver supplies to Puerto Rico
The ship will bring evacuees to Fort Lauderdale before returning to San Juan on October 6 to prepare for the October 7 cruise. Thomas and St Croix too and will be evacuating nearly 3,000 people including families of Royal Caribbean employees.

28 September 2017
Nektar Therapeutics Sentiment Improves on Better Stock Potential
The active investment managers in our partner's database reported: 147.16 million shares, up from 142.09 million shares in 2017Q1. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock.

28 September 2017
Hot Stock of the Day - Westlake Chemical Partners LP (NYSE:WLKP)
Westlake Chemical Corporation is a global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. Ruggie Capital Group purchased a new position in shares of Westlake Chemical Corporation in the 1st quarter worth $117,000.

28 September 2017
Robert Half International Inc. (NYSE:RHI) Under Analyst Spotlight
Currently, the stock carries a price to earnings ratio of 17.7, a price to book ratio of 2.55, and a price to sales ratio of 3.51. Therefore 73% are positive. 05/24/2016 - Robert Half International Inc. had its "buy" rating reiterated by analysts at Nomura.

28 September 2017
Antonio Conte grateful to decisive substitute Michy Batshuayi
Having agreed to move Costa out, Chelsea are set to be immediately reacquainted with him on Wednesday. Costa , however, does not appear to have put his dispute with Conte behind him as yet.

28 September 2017
Kourtney Kardashian and Younes Bendjima step out in Paris
Her sisters, Kourtney and Kendall, were out for the night along with her bodyguard, and Kim was left alone in the hotel. Kourtney Kardashian wearing Doc Martens while out and about during Paris Fashion Week .

28 September 2017
IAF Trainee Aircraft Crashes In Telangana, No Casualties Reported
A trainee aircraft of Indian Air Force crashed in Keesara village near Medchal district in Hyderabad on Thursday. The two-seat trainer was being flown by a flight cadet, who escaped unhurt, they added.

28 September 2017
Times Higher Education rank UCLA No.1 public university
The rankings also place Texas A&M in the top 10 percent in the overall ranking among 1,054 colleges and universities surveyed. Purdue is fifth among public institutions and 43rd overall nationally, according to the rankings.

28 September 2017
Toyota, Mazda, And Denso Join Forces To Work On EVs
Toyota has cited affordability and the limited range of battery-operated cars as obstacles to the mass popularisation so far. The aim of Toyota is to catch up with its competitors in the race to produce better and efficient electric vehicles.

28 September 2017
NASCAR owner threatens to fire any driver who kneels for national anthem
Largely, the fans agree, but we have to show total respect for our National Anthem, for our flag, for our country. Trump has said that he takes issue with kneeling because it is disrespectful to the United States and the flag.



Recommended