BlackBerry inches in the direction of security regardless of smartphone droop

BlackBerry inches towards safety despite smartphone slump

From the appears of BlackBerry’s latest earnings report, it seems as if CEO Jon Chen’s plan to rework the corporate right into a software program-and-providers firm may truly be working. The corporate posted a quarterly internet lack of $207 million, pocket change in comparison with the $950 million that the opposite man misplaced in the identical interval the yr earlier than. The rationale for the more healthy spreadsheet is because of progress within the firm’s providers arm, which managed to promote three.four million licenses of its BlackBerry Enterprise Service in three months – almost 3 times the quantity bought in the course of the earlier three months.

BlackBerry’s quiet revolution comes on the expense of its smartphone enterprise, nevertheless, the place gross sales dipped right down to 2.1 million for the quarter, down from 2.6 million in June. The best way the enterprise is cut up now, it is a close to 50-50 cut up between units and providers, though we think about that stability to tip in favor of the latter over time. That’s, until the corporate’s new hip-to-be-sq. Passport telephone rejuvenates BlackBerry’s standing with the enterprise group. There’s even excellent news to be discovered within the company piggy-financial institution, because the money and funding stability elevated, albeit solely by $eleven million. Nonetheless, provided that buyers have been anticipating BlackBerry to publish a loss-per-share of $zero.sixteen, the truth that the precise determine was $zero.02 exhibits that some (small) celebration is so as. It is also an indication that the corporate continues to be on the right track to truly begin earning profits sooner or later subsequent yr.

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