Cookie Consent by Free Privacy Policy website BlackBerry Reports Sequential Software and Services Revenue Growth, Non-GAAP Profitability and Positive Free Cash Flow for Fiscal 2021 Third Quarter
dicembre 18, 2020 - BlackBerry

BlackBerry Reports Sequential Software and Services Revenue Growth, Non-GAAP Profitability and Positive Free Cash Flow for Fiscal 2021 Third Quarter

Comunicato Stampa disponibile solo in lingua originale. 

  • Total company non-GAAP revenue of $224 million; total company GAAP revenue of $218 million.

 

  • Non-GAAP earnings per basic and diluted share of $0.02; GAAP loss per basic and diluted share of $0.23.

 

  • Net cash generated from operating activities of $29 million.

Waterloo, Ontario - BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial results for the three months ended November 30, 2020 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

“We are pleased to report solid financial results this quarter, delivering sequential software and services revenue growth in line with our outlook. This quarter we delivered exciting new technology releases, especially our AI-driven BlackBerry® Cyber Suite. We also made significant progress with partnerships,” Said John Chen, Executive Chairman & CEO, #blackberry. “Our recently-announced multi-year, exclusive partnership with AWS to co-develop and co-market #blackberry IVY, is both strategic and unique. This new platform will create a recurring-revenue business, bringing together BlackBerry’s extensive experience and footprint in embedded automotive with AWS’ unparalleled cloud reach, consumer experience and interface.”

Third Quarter Fiscal 2021 Financial Highlights


  • Total company non-GAAP revenue for the third quarter of fiscal 2021 was $224 million. Total company GAAP revenue for the third quarter of fiscal 2021 was $218 million.

 

  • Software and Services non-GAAP revenue for the third quarter of fiscal 2021 was $168 million. Software and Services GAAP revenue for the third quarter of fiscal 2021 was $162 million.

 

  • Non-GAAP gross margin was 70% and GAAP gross margin was 68%.

 

  • Non-GAAP operating earnings were $14 million. GAAP operating loss was $127 million, primarily due to fair value adjustments to long-term debt.

 

  • Non-GAAP earnings per share was $0.02 (basic and diluted). GAAP net loss per share was $0.23 (basic and diluted).

 

  • Total cash, cash equivalents, short-term and long-term investments were $757 million.

 

  • Net cash generated from operating activities was $29 million.


Third Quarter Business Highlights & Strategic Announcements

 

  • AWS and #blackberry join forces to accelerate innovation with new intelligent vehicle data platform, #blackberry IVY.

 

  • BlackBerry QNX has design wins with 19 of the top 25 Electric Vehicle OEMs, who together have 61% of EV market.

 

  • BlackBerry unveils industry’s first Unified Endpoint Security (UES) solution for AI-powered Cybersecurity, #blackberry Cyber Suite. Cyber Suite will Integrate with all leading UEMs, including Microsoft Intune.

 

  • BlackBerry launches industry’s first user behavior AI technology for Cybersecurity, #blackberry Persona® Desktop.

 

  • BlackBerry launches new AI-powered Mobile Threat Defense (MTD) solution to protect against mobile malware and phishing attacks, BlackBerry® Protect Mobile.

 

  • BlackBerry® Unified Endpoint Manager (UEM) software has achieved National Security Agency (NSA) Commercial Solutions for Classified Program (CSfC) approval.

 

  • Announced new global #blackberry Partner Program that combines the award-winning #blackberry Enterprise Partner Program and #blackberry Cylance Partner Programs into one unified comprehensive structure.

 

  • BlackBerry uncovered massive hack-for-hire group, BAHAMUT, targeting governments, businesses, human rights groups and influential individuals.

 

  • Launched QNX® OS for Safety 2.2, a new release of the trusted, safety-certified operating system certified by the independent auditors at TÜV Rheinland to IEC 61508 SIL3 (Industrial), ISO 26262 ASIL D (Automotive), and IEC 62304 Class C (Medical devices) functional safety standards.

Outlook

BlackBerry will provide fiscal year 2021 outlook in connection with the quarterly earnings announcement on its earnings conference call. The earnings call transcript will be made available on our website and on SEDAR.

Use of Non-GAAP Financial Measures

The tables at the end of this press release include a reconciliation of the non-GAAP financial measures used by the company to comparable U.S. GAAP measures and an explanation of why the company uses them.

Conference Call and Webcast

A conference call and live webcast will be held today beginning at 5:30 p.m. ET, which can be accessed by dialing +1 (877) 682-6267 or by logging on at #blackberry.com/Investors. Slides relating to the recent #blackberry IVY announcement will be shown during the live webcast. These slides will be made available on the #blackberry.com/Investors website at 5:30 p.m. ET.

A replay of the conference call will also be available at approximately 8:30 p.m. ET by dialing +1 (800) 585-8367 and entering Conference ID #7510319 and at the link above.

About BlackBerry

BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including more than 175M cars on the road today. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint security management, encryption, and embedded systems. BlackBerry’s vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere.

For more information, visit #blackberry.com and follow @BlackBerry.

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