BlackBerry Announces Third Quarter Fiscal 2016 Results

 

Waterloo
Waterloo, Ontario

18 Dec 2015

WOW!!

Q3 Highlights
• Non-GAAP total revenue of $557 million, up 14 percent over Q2 FY16
• Non-GAAP software and services revenue of $162 million, up 183 percent year over year and up 119 percent quarter over quarter
• Adjusted EBITDA of $114 million
• Cash and investments balance of $2.71 billion at the end of the fiscal quarter, including the impact of the recent acquisitions of AtHoc and Good Technology
• Non-GAAP loss of ($0.03) per share
• Completed the acquisitions of AtHoc and Good Technology
• Launched the PRIV in November, the only smartphone that combines BlackBerry-level security with the Google Play App Store’s 1.6 million apps
• Confirmed plans to release OS version 10.3.3 on BlackBerry 10 to support NIAP certification

“I am pleased with our continued progress on BlackBerry’s strategic priorities, leading to 14 percent sequential growth in total revenue for Q3. We delivered accelerating growth in enterprise software and higher revenue across all of our areas of focus,” said Executive Chairman and Chief Executive Officer John Chen. “Our new PRIV device has been well received since its launch in November, and we are expanding distribution to additional carriers around the world in the next several quarters.
“BlackBerry has a solid financial foundation, and we are executing well. 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.”

As a final note North America accounted for the largest increase in Revenue by Region. November 2014 it accounted for 26.9%, November 2015 the number was 50.2%!

Conference Call and Webcast
A conference call and live webcast will be held beginning at 8 am ET, which can be accessed by dialing 1-888-428-9507 or by logging in here. A replay of the conference call will also be available at approximately 10 am ET by dialing 1-647-436-0148 and entering pass code 8820480# or by clicking the link above. This replay will be available until 10 am ET January 3, 2016.

The Entire Press Release can be read here.

Rob

kayaker co-pilot Tucson, it's a dry heat!

  • Wayno

    Great news BlackBerry!!! On the rise!

    • razrrob

      Chen said he needed 2-years to turn this huge ship around and he’s just about there!
      locco_smiley_10

  • KING_Kia

    It is time to laugh at those LOOOOOOOOOOOSERS @globeandmail @jacquiemcnish and @SeanSilcoff.

    GO BLACKBERRY.

  • SipoKapumba

    The media will only focus on this: “Non-GAAP loss of ($0.03) per share”. I can imagine the story will be BlackBerry makes another loss.

    • razrrob

      Next quarterly report will reflect a full quarter of Priv sales (including the Holidays, other Regions, and other Carriers). It will also include revenue from Good. That will truly be BlackBerrys’ time to Shine!

      • SipoKapumba

        That’s going to be the big one. I hope BlackBerry will post a profit after tax and other deductions. I just want to hear that it is profitable again.

    • Chaplain_Clancy

      A 0.03 loss is incredible. The media where saying that BlackBerry needs to get to 0.14 , this quarter. They were anticipating 0.17.

      • SipoKapumba

        Having read a few stories after the results announcement and the earnings call, I’m happy that many writers are saying BlackBerry did well and beat expectations.

  • Martin

    Sooo, all of those BBM stickers I’ve bought are making a difference! locco_smiley_4
    Awesome pic by the way! ;)

    • razrrob

      Yes, I paid Brad for the pic coz he said he took it

      locco_smiley_26

      • Martin

        Bad Brad! locco_smiley_5

  • FallingTitan

    why wont they make the simpsons bbm stickers. take my money!!!!

  • BB Racer !!

    Merry Christmas to John Chen and all the Blackberry employees ….and a Happy New Year ……and yes Go UTB GO !!

  • TRUENORTH

    This is all wrong. We all know that BlackBerry has been dead for years!

    Well done Mr. Chen and co. Let’s all hope for even better news at the end of the next quarter.

    (I did my part. I actually sold a Priv. to a girl at the local AT+T store just by showing her the sliding key board! Apparently the ‘sales staff’ didn’t now anything about it. /:-I )

  • vorpal

    Nice, good to see a little optimism (even the Globe and Mail… shocker!) reading the results vs the constant stream of negativity on the ‘#1 BlackBerry’ site.

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