Blackberry Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 29, 2015; Provides Earnings Guidance for the Third Quarter and Fourth Quarter of Fiscal 2016
Sep 25 15
BlackBerry Limited announced unaudited consolidated earnings results for the second quarter and six months ended August 29, 2015. For the quarter, the company announced revenue of $490 million compared to $916 million for the same period a year ago. Operating income was $33 million compared to operating loss of $198 million for the same period a year ago. Income before income taxes was $21 million compared to loss before income tax of $218 million for the same period a year ago. Net income was $51 million compared to net loss of $207 million for the same period a year ago. Diluted loss per share was $0.24 compared to $0.39 for the same period a year ago. Non-GAAP operating loss was $84 million compared to non-GAAP operating income of $20 million for the same period a year ago. Adjusted EBITDA was $68 million compared to $181 million for the same period a year ago. Non-GAAP net loss was $66 million or $0.13 per share compared to non-GAAP net income of $7 million or $0.01 per share for the same period a year ago. Positive free cash flow was $100 million in the quarter. Excluding the impact of foreign exchange rates, operating cash flow was $110 million.
For the six months, the company announced revenue of $1,148 million compared to $1,882 million for the same period a year ago. Operating income was $122 million compared to operating loss of $178 million for the same period a year ago. Income before income taxes was $94 million compared to loss before income tax of $224 million for the same period a year ago. Net income was $119 million compared to net loss of $184 million for the same period a year ago. Diluted loss per share was $0.34 compared to $0.41 for the same period a year ago. Net cash provided by operating activities was $244 million compared to $414 million for the same period a year ago. Acquisition of property, plant and equipment was $21 million compared to $48 million for the same period a year ago. Acquisition of intangible assets was $31 million compared to $266 million for the same period a year ago.
The company provided earnings guidance for the third quarter and fourth quarter of fiscal 2016. The company anticipated modest sequential growth in total revenue in each of the remaining quarters of fiscal 2016. The company continues to anticipate positive free cash flow. The company targets sustainable non-GAAP profitability in the fiscal 2016 fourth quarter.
BlackBerry Limited Names Guy Miasnik to Lead AtHoc
Sep 23 15
BlackBerry Limited announced that it has completed the acquisition of AtHoc. AtHoc will operate as a division of BlackBerry. AtHoc's Chief Executive Officer, Guy Miasnik, will lead the division as part of BlackBerry's senior leadership team reporting to John Chen,
Executive Chairman and Chief Executive Officer.
BlackBerry to Open Pop-Up Store in Frankfurt
Sep 21 15
BlackBerry is opening a pop-up shop on 23 September in Frankfurt's MyZeil shopping centre. For nearly a month, MyZeil shoppers will have the chance to talk with BlackBerry experts and meet fellow BlackBerry devotees in the shop's lounge as well as test out the new BlackBerry Passport Silver Edition.
BlackBerry Unveils Blackberry Passport Silver Edition in Hong Kong
Sep 18 15
BlackBerry Limited has announced the availability of the BlackBerry Passport Silver Edition in Hong Kong. The BlackBerry Passport Silver Edition is in a class all its own, featuring a stunning silver finish with refined, curved corners, large square touch screen display and reinforced stainless steel frame for extra strength and durability. An essential business tool, the device delivers the same productivity enjoyed by other BlackBerry Passport products, as well as an updated QWERTY touch-enabled keyboard, battery power that lasts more than a full day of mixed use, and BlackBerry 10 OS 10.3.2. Key features of the device include: Large High-Resolution Square Screen, Innovative BlackBerry Keyboard, BlackBerry 10 OS 10.3.2, Best-in-Class Battery Life, BlackBerry Assistant, BlackBerry Blend, Premium Components and The BlackBerry Passport includes a 4.5" square screen, 1440x1440 pixel (453 dpi) HD display and Corning Gorilla Glass 3 for added strength. The BlackBerry Passport's revolutionary keyboard brings innovation to input with a responsive touch surface like a trackpad that lets user perform many touch functions directly on the keyboard. Scroll web pages, flick to type or slide along the keys to move the cursor, leaving the full screen space for viewing. The BlackBerry Passport comes preloaded with the new BlackBerry 10.3.2 operating system, including features such as BlackBerry Assistant and Amazon Appstore. The 3450 mAh battery, when tested against a very active user, provides up to 30 hours of mixed use. Dual app storefronts preloaded for access to a huge selection of apps for work and play such as BlackBerry World and Amazon Appstore. BlackBerry World offers essential business and productivity apps for professionals looking to drive efficient communications and collaboration including Box, Evernote, Cisco WebEx Meetings and Documents to Go. Discover and download popular Android apps and games through the Amazon Appstore including Candy Crush Saga, Pinterest, SoundCloud, Kindle and Amazon Shopping. The BlackBerry Assistant is BlackBerry's first digital assistant and can be used with voice and text commands to help users manage work and personal email, contacts, calendar and other native BlackBerry 10 applications. BlackBerry Assistant intelligently determines how to respond based on how the user interacts with it - if user types, it responds silently, if user speaks, it speaks back and if user activates over Bluetooth, it speaks back with additional context because it assumes user might not have access to the screen. BlackBerry Blend 1.2 brings a new refreshed UI and additional functionality and is now available for all BlackBerry 10 smartphones. BlackBerry Blend brings messaging and content on user's BlackBerry smartphone to user's computer or tablet. Get instant message notifications, read and respond to user's work and personal email, BBM and text messages, and access user's documents, calendar, contacts and media in real time on whatever device user is on, powered by user's BlackBerry. BlackBerry Blend works across multiple operating systems including Mac, Windows, iOS and Android. The device is built for the most demanding user with durable materials mixed with top-of-the-line technology, including a Quad Core 2.2 GHZ Processor, 3 GB RAM, 13 MP OIS rear camera and 32 GB memory expandable with a Micro SD card up to 128 GB. BlackBerry Passport comes with powerful speakers and a quad microphone system that delivers a high-quality listening experience. BlackBerry Natural Sound Technology is built in to adapt Wi-Fi and cellular call sound depending upon phone position and background noise, automatically adjusting volume so user doesn't have to.