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Tag: blackberry
BlackBerry struggles persist
2015-06-23 16:40:51| IT Services - Topix.net
BlackBerry Ltd. delivered another loss in the first quarter as the company struggled to sell its smartphones, but investors appeared pleased with some of the headway made with its turnaround effort. The Waterloo, Ont.-based company's stock was ahead nine per cent to US$10.04 in pre-market trading in New York, as BlackBerry managed to grow its software licensing revenue by 150 per cent.
Tags: blackberry
struggles
persist
Software helps Blackberry cut losses
2015-06-23 15:02:19| BBC News | Business | UK Edition
Canadian mobile phone firm Blackberry sees its quarterly losses shrink as software revenue grows sharply.
Tags: software
cut
helps
losses
BlackBerry grows software sales, reduces losses
2015-06-23 14:39:00| Telecompaper Headlines
(Telecompaper) BlackBerry further narrowed its losses in its fiscal first quarter to May and reiterated its target to return to underlying profitability in the current fiscal year. The adjusted net loss shrunk to USD 28 million or 5 cents a share in the first quarter from a loss of 11 cents per share in the year-earlier period. On a reported basis, the company had a net profit of USD 68 million, thanks to a revaluation gain on debt and despite another USD 61 million in restructuring charges. Revenues were still down sharply to USD 658 million from USD 966 million a year ago. The share of revenues from handsets fell to 40 percent in Q1, while services took 38 percent and software and technology licensing accounted for 21 percent. Blackberry said software and technology licensing revenue was up 150 percent from a year earlier to USD 137 million. The company added 2,600 enterprise customers in the quarter, of which around 45 percent of the licences covered additional platforms to its own. It also shipped 1.1 million BlackBerry smartphones in the three months, with an average selling price of USD 240 each. Free cash flow was a positive USD 123 million in Q1, and adjusted EBITDA improved 5 percent year-on-year to USD 157 million. Total cash was up by USD 50 million in the three months to USD 3.32 billion at the end of May. BlackBerry said it intends to remain free-cash flow positive this fiscal year, as well as return to a "sustainable" adjusted profit before year-end. CEO John Chen said he was pleased with the growth in the software and technology business and the company was also making progress in turning the handset business profitable.
Tags: software
sales
losses
reduces
Nike, Monsanto, BlackBerry Highlight The Week's Earnings
2015-06-22 02:36:04| Footwear - Topix.net
Earnings highlights for the week include reports from Carnival Corp , Monsanto Company and Nike Inc . Analysts on average expect year-on-year earnings growth these three, but the forecasts call for an earnings decline from Micron Technology, Inc. and a net loss from BlackBerry Ltd .
Tags: weeks
highlight
earnings
nike
Nike, Blackberry, Monsanto On Deck for Earnings, Housing Data in Focus
2015-06-19 23:44:05| Footwear - Topix.net
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Tags: data
focus
housing
earnings
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