Numbers don’t lie – services and software grew by 106% in 4Q and 113% for fiscal 2016! In addition they beat the earnings estimate by 0.07, although revenue was $487M and missed by $76.18M. This was attributed to a “purchase accounting write down of deferred revenue associated with recent acquisitions.”
BlackBerry tallied greater than 3600 Enterprise wins in the quarter and approximately 70% of the software revenue was recurring!
Watch This Space for additional information on hardware and other sectors.