Breaking News

ASUS Announces Late-August Availability of ProArt Display 6K PA32QCV ASRock Announces Exciting New AMD X870E motherboards ASUSTOR 30 TB Ironwolf Pro Now Officially Supported ASUS Announces ExpertCenter P500 SFF Lexar Launches the NM990 PCIe 5.0 SSD

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

BlackBerry Posts Profit At Software Efforts Pay Off

BlackBerry Posts Profit At Software Efforts Pay Off

Smartphones Mar 31,2017 0

BlackBerry reported adjusted earnings for the sixth straight quarter, indicating that the company's shift to the software business was the right choice.

The Canadian firm also said on Friday it expects to be profitable on an adjusted basis for the second year in a row, and generate positive free cash flow in the year ending February 2018.

BlackBerry has focused on building a robust software business after scrapping production of its smartphones, which lost favor with the arrival of touchscreen handsets.

The company outsourced the development of its smartphones last year, signing a deal with Indonesia's BB Merah Putih to make and distribute new BlackBerry-branded devices. It has also signed similar deals with China's TCL and India-based Optiemus Infracom Ltd.

Adjusted revenue from the software and services unit, which includes mobile device management products and the QNX industrial operating system, rose 12.2 percent to $193 million in the fourth quarter ended Feb. 28, from the preceding quarter.

The company has a partnership with Ford Motor to develop autonomous driving software, and CEO John Chen hopes to forge such deals with carmakers around the world.

BlackBerry received more than 3,500 enterprise customer orders in the quarter, an increase of 16 percent from the last quarter.

The company's net loss narrowed to $47 million in the fourth quarter, from $238 million a year earlier. Operating expenses nearly halved to $229 million. Revenue fell about 38 percent to $286 million.

Tags: BlackBerry
Previous Post
Hon Hai's Profit Rises On Strong iPhone Sales
Next Post
Verizon to Install the "AppFlash" Spyware on All Its Android Phones

Related Posts

  • TCL to Stop Selling Blackberry Phones

  • BlackBerry's Revenue Keeps Increasing

  • BlackBerry KEY2 Red Edition Available In The United States

  • BlackBerry Messenger is Shutting Down

  • Licensing Fuels BlackBerry's Quarterly Revenue

  • BlackBerry Takes Twitter in Court Over Patent Infringement

  • Software Push Pays Off For BlackBerry

  • BlackBerry to Buy Cylance for $1.4 Billion to Add AI and Cybersecurity Capabilities

Latest News

ASUS Announces Late-August Availability of ProArt Display 6K PA32QCV
Enterprise & IT

ASUS Announces Late-August Availability of ProArt Display 6K PA32QCV

ASRock Announces Exciting New AMD X870E motherboards
PC components

ASRock Announces Exciting New AMD X870E motherboards

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported
Enterprise & IT

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported

ASUS Announces ExpertCenter P500 SFF
Enterprise & IT

ASUS Announces ExpertCenter P500 SFF

Lexar Launches the NM990 PCIe 5.0 SSD
PC components

Lexar Launches the NM990 PCIe 5.0 SSD

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed