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BlackBerry Ltd (BB.TO)

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Latest Key Developments (Source: Significant Developments)

Blackberry has received federal risk and authorization management program
Tuesday, 21 Mar 2017 09:00am EDT 

Blackberry Ltd :Has received federal risk and authorization management program (FEDRAMP) authorization.  Full Article

Blackberry announces mobile software licensing agreement with Optiemus in India
Sunday, 5 Feb 2017 11:59pm EST 

Blackberry Ltd : Blackberry announces its next major mobile software licensing agreement with Optiemus in India . Blackberry - Under terms, Blackberry will license its security software and services suite, as well as related brand assets to Optiemus Infracom LTD. .Blackberry-Will continue to control, develop co's security and software solutions and maintain trusted Blackberry security software.  Full Article

BlackBerry CEO sees abundant acquisition opportunities
Tuesday, 20 Dec 2016 11:13am EST 

BlackBerry Ltd CEO John Chen, speaking on BNN TV: Sees overall revenue growth in 2017 . CEO says company may make strategic acquisitions, sees organic growth . CEO says interested in assets in mobility, security, but some prices too high . Acquisition opportunities in mobility, security are 'abundant'-BlackBerry CEO Further company coverage: [BB.TO] (Reporting By Rod Nickel) ((rod.nickel@thomsonreuters.com;)).  Full Article

BlackBerry CEO says do not expect 30 pct software revenue growth beyond this fiscal year
Tuesday, 20 Dec 2016 08:13am EST 

BlackBerry Ltd : CEO John Chen says do not expect 30 percent software growth beyond this fiscal year . CEO John Chen says recent enterprise mobility wins include Bombardier, Hydro Toronto . CEO John Chen says Radar, its new fleet tracking product, won one new customer in quarter, has six others in pilot stage . CFO Steve Capelli says handset business made $5 million operating profit, up from $8 million loss in the prior quarter . CEO John Chen says software revenue growth in fourth quarter will mostly come from enterprise business . CEO John Chen says first BlackBerry phones made and sold by partner companies likely to be released in late January . CEO John Chen says hopes to bring in revenue from autonomous driving efforts in 2018 . CFO Steve Capelli says expects service access fee decline of around 25 percent in the current quarter . CEO John Chen says sticks to 30 percent software and services growth outlook for full year; to cover expected decline in handsets .CEO John Chen says sees broader software market growing between 10 and 15 percent.  Full Article

Blackberry posts Q3 GAAP loss of $0.22/share
Tuesday, 20 Dec 2016 07:00am EST 

Blackberry Ltd: Blackberry reports record GAAP gross margin of 67%, driven by growth in software and services revenue . Q3 non-GAAP earnings per share $0.02 . Q3 GAAP loss per share $0.22 . Q3 revenue $301 million versus I/B/E/S view $331.9 million . Q3 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S . Company raises full year non-GAAP EPS outlook . Blackberry Ltd - total cash, cash equivalents, short-term and long-term investments was approximately $1.6 billion as of November 30, 2016 . Qtrly non-GAAP total revenue of $301 million . Blackberry ltd - q3 GAAP gross margin 67 percent versus 29.3 percent in q2 . Now expect to achieve non-GAAP EPS profitability for full year, up from a prior range of breakeven to a five cent loss. . Blackberry- non-GAAP revenue breakdown for quarter was about 55% for software & services, 22% for service access fees, 23% for mobility solutions segment . Q3 GAAP revenue $ 289 million versus $548 million . Qtrly non-GAAP company total software and services revenues of $172 million . Remain on track to deliver 30 percent growth in company total software and services revenues for full fiscal year . Anticipate breakeven non-GAAP EPS and approximately breakeven free cash flow in q4 .Fy2017 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S.  Full Article

Blackberry announces global smart phone software and brand licensing agreement with TCL Communication
Thursday, 15 Dec 2016 11:00am EST 

Blackberry Ltd : Blackberry secures global smart phone software and brand licensing agreement with TCL Communication . Blackberry will license its security software and service suite, as well as related brand assets to TCL Communication . Blackberry will continue to control and develop its security and software solutions .TCL Communication will be exclusive global manufacturer and distributor for all Blackberry-branded smartphones.  Full Article

BlackBerry unveils mobile-security platform for Enterprise of Things
Thursday, 8 Dec 2016 04:23pm EST 

BlackBerry Ltd : BlackBerry says totality of the BlackBerry solution is called BlackBerry Secure and is grounded in the company’s mobile software security platform .BlackBerry unveils comprehensive mobile-security platform for the enterprise of things.  Full Article

Blackberry signs agreement with Ford for expanded use of its QNX and security software
Monday, 31 Oct 2016 04:15pm EDT 

Blackberry Ltd : Blackberry signs agreement with Ford Motor Company for expanded use of Blackberry's QNX and security software . Blackberry Ltd - terms of deal are confidential. .Blackberry - co will dedicate team to work with Ford on expanding use of Blackberry's QNX Neutrino Operating System, Certicom security technology.  Full Article

Blackberry announced its latest series of android smartphones
Tuesday, 25 Oct 2016 08:00am EDT 

Blackberry Ltd : Blackberry ltd announced its latest series of android smartphones, DTEK60 . Blackberry ltd says DTEK60 is available to purchase from shopblackberry.com in US, Canada, UK, France, Germany, Spain, Italy and Netherlands for $499 .Blackberry ltd says availability of DTEK60 in additional global channels and countries will be announced in coming weeks.  Full Article

Blackberry CEO says expects new hardware strategy to increase unit volumes, improve margins
Wednesday, 28 Sep 2016 08:30am EDT 

BlackBerry Ltd : CEO John Chen says company showed solid progress on overall operating profitability in Q2 . CEO says expects new hardware strategy to expand market access, increase unit volumes, and improve profit margins . CEO says software growth in quarter was driven by enterprise mobility, crisis management software, and QNX; no intellectual property revenue . CEO says recognized revenue on around 400,000 devices with average selling price of $271 . CFO James Yersh says expects gross margin in high-50 percent range in next quarter . CFO says mobility solutions unit's gross margin was 26 percent, up from 8 percent in prior quarter . CFO says net cash position was $1.2 billion at the end of the quarter . CFO says expects to be free cah flow positive in Q4; maintains positive EBITDA outlook for full fiscal year . CEO John Chen says pursuing other device software licensing deals, in talks in china and india . CEO says has big team working on bringing its Android-based devices up to same level of security as BlackBerry 10 operating system . CEO says taking royalty per unit in new hardware model . CEO says lots of activity around patent licensing, doesn't know timing . CEO says hardware transition will be completed in this fiscal year . CEO says reduced interest expenses likely to contribute 4-5 cents to improved earnings per share outlook Further company coverage: [BB.TO] (Reporting by Alastair Sharp) ((alastair.sharp@reuters.com;)).  Full Article

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