BlackBerry has now introduced their Q1 fiscal 2017 income outcomes for the length ending may additionally 31, 2016. For Q1 fiscal 2017, BlackBerry has reported Non-GAAP total sales of $424 million. Non-GAAP software and services revenue of $166 million and a cash and investments stability of $2.5billion on the end of the first economic quarter. For hardware income, BlackBerry recongnized about500K devices with and average promoting charge of $290.
Q1 Highlights
organization starts reporting a couple of enterprise segments: software program and offerings, serviceget admission to charges (SAF) and Mobility answers. Mobility answers consists of BlackBerry smartphones and device software licensing
Non-GAAP general sales of $424 million
Non-GAAP software and offerings sales of $166 million
Non-GAAP gross margin of fifty three%
tenth consecutive area of effective adjusted EBITDA
cash and investments stability of $2.5 billion on the cease of the primary fiscal area
Unveiled BlackBerry Radar, a brand new quit-to-stop asset tracking machine primarily based at theorganisation‘s IoT platform, for trucking agencies and private fleet operators
BlackBerry named a “chief” in the Forrester Wave for agency report sync and share for hybrid answers
After the sector, BlackBerry named a “chief” in the Gartner Magic Quadrant for corporation Mobility controlSuites
New agency associate program released globally to stimulate boom and pressure income forcompanions
Pentagon force safety organisation chooses AtHoc to shield department of protection management,team of workers, and traffic in instances of disaster
“BlackBerry is differentiated by go-platform market leadership in software program, an cease-to-quitrelaxed mobility platform and a robust economic foundation. Our Q1 consequences highlight thoseattributes. except IP licensing, we’ve more than doubled our software program sales on a 12 months-over-12 months basis for the second one consecutive zone, pushed via our EMM, cozy messaging and QNX embedded software program companies. In our Mobility answers commercial enterprise, our objective is to gain working profitability inside the quick time period,” said John Chen, govt Chairman and CEO, BlackBerry.
BlackBerry reports report software program and services sales for Q1 financial 2017
organization supplies fine non-GAAP operating profits and breakeven non-GAAP EPS
WATERLOO, ONTARIO–(Marketwired – June 23, 2016) – BlackBerry constrained (NASDAQ:BBRY)(TSX:BB), a global chief in comfy cell communications, these days said economic effects for the three months ended may additionally 31, 2016 (all figures in U.S. dollars and U.S. GAAP, except where in any other case indicated).
Q1 Highlights
company starts reporting multiple commercial enterprise segments: software and offerings, carrieraccess prices (SAF) and Mobility answers. Mobility solutions includes BlackBerry smartphones and devicesoftware licensing
Non-GAAP general sales of $424 million
Non-GAAP software and services revenue of $166 million
Non-GAAP gross margin of fifty three%
tenth consecutive area of tremendous adjusted EBITDA
cash and investments balance of $2.five billion on the give up of the first financial quarter
Unveiled BlackBerry Radar, a brand new give up-to-give up asset monitoring device based at theorganization‘s IoT platform, for trucking organizations and private fleet operators
BlackBerry named a “chief” in the Forrester Wave for business enterprise record sync and proportion for hybrid solutions
After the sector, BlackBerry named a “chief” in the Gartner Magic Quadrant for agency Mobility controlSuites
New organisation companion program launched globally to stimulate growth and force earnings forcompanions
Pentagon force safety company chooses AtHoc to shield branch of protection leadership, personnel, and visitors in instances of disaster
Q1 consequences
Non-GAAP revenue for the first region of monetary 2017 become $424 million with GAAP sales of $400million. The non-GAAP sales breakdown for the sector became about 39% for software and services, 25% for carrier get right of entry to costs (SAF), and 36% for mobility solutions.
BlackBerry had approximately 3,three hundred organization purchaser wins within the sector.approximately seventy four% of the first quarter software program sales turned into habitual.
Non-GAAP operating profits changed into $14 million, and non-GAAP internet profits become $zero.00per proportion for the primary area. GAAP internet loss for the quarter was $670 million, or $(1.28) in step with basic share. simple GAAP internet loss displays a non-coins, lengthy lived asset impairmentrate of $501 million, a $57 million goodwill impairment rate, inventory write-down of $41 million, $28 million in amortization of obtained intangibles, inventory reimbursement expense of $12 million, purchaseaccounting deferred revenue write-down of $24 million, $23 million in restructuring expenses, $7 millionassociated with acquisition costs, and a non-cash credit score of $24 million for our convertible debt. Theimpact of those changes on GAAP net income and profits in keeping with percentage is summarized in a desk underneath.
overall cash, coins equivalents, short–term and lengthy–term investments turned into $2.5 billion as ofmay also 31, 2016. This displays a use of loose cash of $65 million, which includes poor $61 million ofcash glide from operations. cash glide from operations before running capital adjustments becomenegatively impacted through the stock impairment and except for the prices, would were positive. except$1.25 billion in the face value of our debt, the internet cash stability at the quit of the sector become$1.3 billion. purchase orders with contract manufacturers totaled approximately $150 million on the ceaseof the primary sector, compared to $162 million on the give up of the fourth area and down from $238 million inside the yr in the past sector.
“BlackBerry is differentiated through cross-platform marketplace leadership in software, an give up-to-give up relaxed mobility platform and a strong financial basis. Our Q1 effects spotlight these attributes.aside from IP licensing, we have more than doubled our software sales on a year-over-yr basis for the second consecutive zone, driven by means of our EMM, relaxed messaging and QNX embedded software program corporations. In our Mobility answers commercial enterprise, our goal is to gain runningprofitability in the short time period,” stated John Chen, executive Chairman and CEO, BlackBerry.
“Our present day plan requires persisted investments to make bigger our addressable markets and drivesustainable profitability and sales boom. For the entire financial yr, we’re heading in the right directionto supply 30 percent sales boom in software program and offerings. based totally on a extra greenrunning model, we expect a non-GAAP EPS lack of round 15 cents, in comparison to the contemporaryconsensus of a 33 cent loss. We additionally anticipate to generate tremendous loose cash flow for the total 12 months.”
Outlook
The employer anticipates maintaining a robust coins function and further reallocating extra resources to move-to-market and product development regions as it keeps to execute on its strategy of high qualityadjusted EBITDA for the full 2017 financial yr.
convention name and Webcast
A conference call and live webcast can be held starting at eight am ET, which may be accessed by way of dialing 1-844-309-0607 or by logging on at http://ca.blackberry.com/company/investors/activities.html. A replay of the conference call may also be to be had at about eleven am ET by means of dialing 1-855-859-2056 or 1-404-537-3406 and entering conference identification # 15218824 or via clicking thehyperlink above.
about BlackBerry
BlackBerry is securing a linked global, turning in innovative solutions across the whole mobileecosystem and beyond. We comfy the arena‘s most touchy information across all stop points – fromautomobiles to smartphones – making the cellular-first organisation imaginative and prescient a reality.founded in 1984 and based totally in Waterloo, Ontario, BlackBerry operates workplaces in North the united states, Europe, middle East and Africa, Asia Pacific and Latin the usa. The corporation tradesbeneath the ticker symbols “BB” at the Toronto stock change and “BBRY” on the NASDAQ. For extra data,visit www.BlackBerry.com.
