Record software and services revenue achieved by BlackBerry for its fourth fiscal quarter

Record software and services revenue achieved by BlackBerry for its fourth fiscal quarter
For those who doubted John Chen's ability to turn around BlackBerry, or wondered why he got that huge five-year contract extension, the time has come to put those thoughts behind you. After exiting the hardware business, licensing the BlackBerry name and its version of Android to three companies, and focusing on the automobile business and the IoT, Chen has yet to meet his Waterloo at Waterloo.

For its fiscal fourth quarter, BlackBerry reported record software and services revenue of $218 million (non-GAAP) and $212 million (GAAP). The previous record was just set last quarter. For the period, BlackBerry turned a profit on a non-GAAP basis of $19 million, or 5 cents a share. Using generally accepted accounting principles, the company was $17 million in the red for a loss of 6 cents a share, fully diluted. As of the end of February, the company continued to be flush with cash, a BlackBerry hallmark. The company had $2.4 billion of cash and cash equivalents in its vault as the quarter ended. And no, we don't believe that Mr. Chen likes to dress up as Scrooge McDuck and jump into a pile of gold coins.

For all of fiscal 2018, BlackBerry grew its software and services revenue by 14% to $782 million (non-GAAP) and by 20% to $747 million (GAAP). Earnings per share rose from 6 cents to 14 cents for 2018 (non-GAAP), or 76 cents a share (GAAP). The company reported free cash flow of $76 million. For 2019, BlackBerry forecasts double-digit growth in software and services revenue, and expects to be in the black on a non-GAAP basis.


After soaring at the open and hitting a high at $12.99, BlackBerry's shares have lost momentum after investors digested the report. The stock is basically flat at $12.40.

source: BlackBerry

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76 Comments

30. MDCHO

Posts: 769; Member since: Jul 28, 2016

Congratulations to BlackBerry. You do really great job again. Keep up good work.

16. shihte

Posts: 61; Member since: Sep 02, 2013

Who cares blackberry is dead no one wants blackberry phones any more

17. meanestgenius

Posts: 23101; Member since: May 28, 2014

Except this very post proves that BlackBerry isn’t dead...just the opposite, in fact. This is the same BlackBerry that doesn’t build BlackBerry branded phones anymore.

18. Subie

Posts: 2470; Member since: Aug 01, 2015

Right! And the fact that there still are oems willing to build and sell Blackberry branded phones disproves the second part of his/her statement.

19. meanestgenius

Posts: 23101; Member since: May 28, 2014

Exactly. Totally agree.

26. Venom

Posts: 4129; Member since: Dec 14, 2017

Would that still be a sure thing after the lukewarm sales of the KeyONE? He does have a point.

45. Crispin_Gatieza

Posts: 3202; Member since: Jan 23, 2014

TCL disagrees. They call their "stunt" a smashing success. They never thought for one minute they would sell so many KEYones. But this article is about BlackBerry's quarterly report which does not list hardware in any way, shape or form. Focus!

49. meanestgenius

Posts: 23101; Member since: May 28, 2014

He can’t help but talk about BlackBerry hardware. He refuses to accept the truth, that BlackBerry isn’t in smartphone hardware and that’s why it’s not listed anywhere here. He even admitted that he doesn’t care about verifiable facts.

54. Venom

Posts: 4129; Member since: Dec 14, 2017

I am focused, but I think you are forgetting that shipping is not the same as selling. You can ship 850K units, but it doesn't mean that you sold that many. For all we know since they refuse to provide the numbers, only 40K of those units sold.

63. Crispin_Gatieza

Posts: 3202; Member since: Jan 23, 2014

Your deflection skills are unrivaled, I'll give you that. You make a wonderful Trump supporter. Now it's the shipped vs. sold narrative - priceless.

64. Venom

Posts: 4129; Member since: Dec 14, 2017

Well there was some misconception about the ship vs sold in the previous KeyONE article. There's no deflection at all.

14. meanestgenius

Posts: 23101; Member since: May 28, 2014

BlackBerry under Chen continues to post record software and services numbers. Congrats to BlackBerry for that. Especially since so many people thought that they were done for, forecasting doom and gloom for them. It’s a shame that some people still can’t understand that BlackBerry is out of the hardware game and only licenses their brand and software. People still bring up smartphone hardware like it’s a real factor to BlackBerry now, or like they are still in the hardware business. Chen got BlackBerry out of hardware and they are all the better for it, as the numbers show.

4. StreetNerd

Posts: 870; Member since: Dec 08, 2010

hardware to overpriced, only bbfans are willing to pay for it.

25. Venom

Posts: 4129; Member since: Dec 14, 2017

That's the point I was trying to make.

3. Venom

Posts: 4129; Member since: Dec 14, 2017

I think this just proves that blackberry is killing it in software and licensing, but hardware is pretty much dead. With less than a million KeyONE devices shipped, I think it's clear that blackberry just focus on software now and just avoid trying to continue with the hardware side of their business. Unless they change their tune, like pricing their devices more affordably, then they may be able to turn their hardware side back around.

7. Crispin_Gatieza

Posts: 3202; Member since: Jan 23, 2014

Are you ever going to get it through your thick skull that BlackBerry has nothing to do with pricing, marketing or anything else related to hardware? THEY LICENSE THEIR NAME AND SOFTWARE ONLY.

15. meanestgenius

Posts: 23101; Member since: May 28, 2014

“After exiting the hardware business, licensing the BlackBerry name and its version of Android to three companies....” Even says so in the article itself, lol.

23. Venom

Posts: 4129; Member since: Dec 14, 2017

And? That doesn't change anything in my response.

27. meanestgenius

Posts: 23101; Member since: May 28, 2014

But it certainly proves your response to be wrong concerning BlackBerry and Smartphone hardware. LMAO!

31. Venom

Posts: 4129; Member since: Dec 14, 2017

You supposedly have an iPhone, remember so why do you care? You don't want to admit it but you know that I am right about blackberry.

34. meanestgenius

Posts: 23101; Member since: May 28, 2014

I do have an iPhnoe 8 Plus, and I can post actual pics to prove it. Can you say the same for your supposed KEYᵒⁿᵉ? But what Smartphone I own has nothing to do with me dispelling falsehoods. You don’t want to admit it, but you know that I’m right. I even posted a link to back myself up. Where is your link to back up your conjecture?

39. Venom

Posts: 4129; Member since: Dec 14, 2017

I never said anything about your ownership of a smartphone had anything to do with dispelling falsehoods that exist in your head. The fact that you pretend to own an iPhone just proves my point. We both know that you're just lying. As for my link, one needs to look no further than the article that talks about the amount of KeyONE devices that were shipped, not sold.

46. meanestgenius

Posts: 23101; Member since: May 28, 2014

So then why did you bring it up my ownership of a smartphone in the first place? And the falsehoods don’t exist in my head, they come tumbling out of mouth at warp speed. I will post an Imgr of my iPhone to prove you wrong like I usually do. But I guarantee you won’t post a pic of your imaginary BlackBerry KO. That’s because you’re lying about owning one. That “link” has nothing to does not prove that BlackBerry is still in the smartphone hardware business. Nice try, though.

50. Venom

Posts: 4129; Member since: Dec 14, 2017

If you're trying to say that poo tumbles out of your mouth at warp speed then I agree. I brought it up because you claimed to be so loyal to blackberry that nothing would sway you from the KeyONE or blackberry. But I guess even you can no longer deny the truth that has been said for some time now. Like you usually do? Not sure what you mean by that, but get on with it since you claimed to own the iphone. Doesn't matter what you say about me. My main device is my Pixel. You can dismiss it all you want, but it doesn't change anything nor does it eliminate the low numbers.

56. meanestgenius

Posts: 23101; Member since: May 28, 2014

Lol, the fact that you’re resorting to insults proves that you lost. I never said nothing could sway me from anything. You’re making stuff up to suit your false narrative, as usual. You can continue to try and deny the truth, but the fact is that BlackBerry is no longer in the smartphone hardware business. This is a fact, whether you want to admit it or not. Lol, so you can’t provide an image of your supposed BlackBerry KO because you really don’t own one. Got it. I’ve posted pics of my devices before to you in your other account, and all you did was post a photoshopped image that you immediately pulled from your Imgr once I pointed that out. I can also dismiss your false claims of BlackBerry still being in the smartphone hardware business.

70. Venom

Posts: 4129; Member since: Dec 14, 2017

I'm not resorting to insults. If it doesn't apply to you, then you shouldn't get offended. I'm not trying to make up anything despite what you want to believe. I think you have me mistaken for someone else once again. You continue to refer to me as someone you engaged with previously, but that is not the case despite what you say. You are mistaken once again. Yeah you've said that already. Still is a crutch answer.

71. meanestgenius

Posts: 23101; Member since: May 28, 2014

You just slung an insult, so how are you not resorting to one? And yeah, you are making stuff up. As usual. No, I don’t. And even other users here have pointed out who you really are. You are only fooling yourself if you think we don’t know. Facts aren’t “crutch answers”. Only those that try and change the facts to suit their false narrative think that. Guess that means you.

61. meanestgenius

Posts: 23101; Member since: May 28, 2014

By the way:https://i.imgur.com/5AFIFCo.jpg Waiting on you to post that pic (not a photoshopped one) of your actual BlackBerry KEYᵒⁿᵉ that you claimed to own that own, but I know that you’ll never post it because you don’t own one.

62. Crispin_Gatieza

Posts: 3202; Member since: Jan 23, 2014

That was brutal AF. Nice touch with the message on the phone.

68. Venom

Posts: 4129; Member since: Dec 14, 2017

That was a nice touch? I thought it was a little on the childish side.

* Some comments have been hidden, because they don't meet the discussions rules.

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