BlackBerry posts $670 mn loss on $400 mn revenue

BlackBerry BES12 update
BlackBerry today announced revenue for the first quarter of fiscal 2017.

The breakdown of $400 million revenue for the quarter was approximately 39 percent for software and services, 25 percent for service access fees (SAF), and 36 percent for mobility solutions.

BlackBerry had approximately 3,300 enterprise customer wins in the quarter. Approximately 74 percent of the first quarter software revenue was recurring.

BlackBerry posted net loss of $670 million.

“Excluding IP licensing, we have more than doubled our software revenue on a year-over-year basis for the second consecutive quarter, driven by our EMM, secure messaging and QNX embedded software businesses,” said John Chen, executive chairman and CEO of BlackBerry.

“For the full fiscal year, we are on track to deliver 30 percent revenue growth in software and services,” John Chen said.

Related News

Latest News

Latest News