Summary of the BlackBerry 2nd quarter results: Autonomous vehicle acceleration

When you read the results of BlackBerry you can be impressed, when viewing the distribution of revenue, a fundamental change can be seen.

In the second quarter of 2019, BlackBerry reported revenue of $ 214 million, of which $ 197 million was revenue from software and services. Talking about BlackBerry in recent times, we are talking mainly about its UEM services, enterprise-class device management and, of course, related services such as Workspaces.

BlackBerry has two more businesses, one of which until this quarter we have barely seen revenue and the other according to the BlackBerry seems to be in the future. The first is QNX, we’re talking about the BlackBerry system for cars and the Health care world for several years already. QNX was the system that operated the BlackBerry 10, but before that it was considered the best real-time management system.

BlackBerry revenues from BlackBerry Technology Solutions (BTS) increased 29% year-on-year, with QNX being the source of growth for the first time. BlackBerry waited a long time, The demand for QNX by the largest suppliers in the world is doing its part, and in a world where everyone is trying to create autonomous vehicles and of course to secure them best, QNX is the solution everyone wants.If anyone was skeptical about QNX, the answer is in the quarter ended.

The BlackBerry QNX currently stands at 48 distributors, up 20% from the beginning of the fiscal year, in addition to winning bids for design and capabilities.

BlackBerry’s second and newest business is the Radar, which we’ve reported quite a bit about here on the site. It’s a real-time fleet management tool because it supports the cloud, and virtually all of the market’s radar competitors do not support cloud services. BlackBerry reports new customers and repeat orders, showing confidence in their product. In addition, the BlackBerry Radar knows how to transmit information and receive information 100 times more than competitors.

According to Chen, Radar has already proven itself to save a lot of money and, of course, streamline it. The BlackBerry forecast for the next few years is $ 100 million in the next three years, an additional income that hardly exists today.

If you’ve wondered what’s going on with the BlackBerry franchise business, then it’s also divided into 2 businesses. A software franchise that you know more about as a BlackBerry Android and it’s about $ 45 million and a patent franchise (BlackBerry holds more than 55,000 patents). Most of the said revenues are from monthly use in UEM, so-called repeat customers (paying pretty much every month).

After a few years in which BlackBerry is financially stable and businesslike, growth is on the horizon much clearer, and QNX and Radar will be at the forefront.

Roy Shpitalnik

lived the life of a BlackBerry since 2009 so I was first exposed to 8900. With Israeli cellular world history, training and knowledge for more on BlackBerry, I decided to join the community. When the Media bash BlackBerry on regular basis i decided to Join BerryIL.COM. The true must be published. Contact me on Twitter : @SimpleBerryRoy