BlackBerry Reports Software and Services Growth of 106 Percent for Q4 and 113 Percent for Fiscal 2016
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Imperial Capital Remains Sidelined on BlackBerry (BBRY) Following Mixed 4Q Report
April 4, 2016 8:07 AM EDTImperial Capital reiterated an In-Line rating and $9.00 price target on BlackBerry (NASDAQ: BBRY) following the company's 4Q earnings report. Revenue was negatively affected by lower-than-expected hardware sales and declining Service Access Fees, offset by higher software revenue and acquisitions. Adjusted EPS was... More
BMO Capital Remains Sidelined on BlackBerry (BBRY) Following Mixed 4Q
April 4, 2016 7:56 AM EDTBMO Capital reiterated a Market Perform rating and $8.00 price target on BlackBerry (NASDAQ: BBRY) following the company's 4Q earnings report. With help from IPR licensing deals and several acquisitions, Blackberry surpassed managements $500 million software revenue target for the year. However, the service business... More
BlackBerry (BBRY) Offers Additional Commentary on FY16 Software and Service Sales Growth
April 1, 2016 10:26 AM EDTBlackBerry (NASDAQ: BBRY) posted the following to its Blog on Friday:
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Propelled by the win of more than 10,000 enterprise customers, BlackBerry topped its publicly-announced target of $500 million in software and service sales for its just-finished fiscal year.
For FY16 ending February 29, 2016, BlackBerry software and services revenue grew to $527 million, up 113% over FY15, as BlackBerry absorbed category-leading software firms including Good Technology, WatchDox and AtHoc, while releasing new software and winning new customers.
We are performing well and are very pleased, said Executive Chairman and CEO John Chen during a... More
