Analysts’ estimates have been beaten up after when BlackBerry Ltd. announced its latest Q results – the company has shown progress in its strategy to widen up in terms of services sale and software.
FRIDAY: The net loss as per company’s claims is US$ 89 million (17 cents/share) – in the fiscal 3Q ended on November 28 in comparison to last year’s record of US$ 148 million (28 cents). The latest results comprised of various items like pretax charges of US$ 38 million for restructuring and acquisition costs and amortization of intangibles of US$ 18 million.
BlackBerry claims to have had lost 3 cents a share a share, after adjusting to exclude items. Moreover, a Reuter’s poll claims the analysts to have had expected BB for report a loss of 14 cents/share in the latest period.
As for an insight in revenue, the rate depicted US$548 million – approx. 31% down from a year earlier – but still it came ahead of what was forecasted. As per Thomson Reuters, the projection was worth US$ 489 million.
BB generated approx. US$ 162 million in revenue from software and services. That caused to be elevated from US$ 74 million in 2Q.
BB’s Chief Executive, John Chen has been working to bring up something good in BB’s fate since he joined the company two years ago. He is focusing on new mobile device-management software, new smartphones like BlackBerry’s first ever Android-powered device and acquisitions to generate better revenue rate.
“To sustain our current direction, we are stepping up investments to drive continued software growth and the additional Priv launches. I anticipate this will result in sequential revenue growth in our software, hardware and messaging businesses in Q4.” – John Chen
The company announced to be distributing its earlier launch (November) of Android-based device; Priv among different carriers all around the world in the next several Qs. Priv on other hand has received a good response.