BlackBerry (BB) Tops Q4 EPS by 5c, Revenues Beat

BlackBerry (NYSE: BB) reported Q4 EPS of $0.05, $0.05 better than the analyst estimate of $0.00. Revenue for the quarter came in at $239 million versus the consensus estimate of $216.81 million.

“I am very pleased with our execution. We achieved another record quarter in software and services revenue as we grew across all three of our software businesses. We also generated positive non-GAAP EPS and cash flow from operations for the fiscal year,” said John Chen, Executive Chairman and CEO, BlackBerry. “Customers and partners recognize our technology innovation and market leadership. BlackBerry’s market opportunities in unified endpoint management and embedded software are significant and synergistic, and our innovation and execution give us confidence to be a leader in the Enterprise of Things.”

Fiscal 2019 Outlook

• BlackBerry’s outlook for fiscal 2019 is as follows:
• Total company software and services billings growth is expected to be double-digits
• Non-GAAP EPS is expected to be positive
• Free cash flow is expected to be positive for the full year, before considering the impact of restructuring and legal proceedings

For earnings history and earnings-related data on BlackBerry (BB) click here.

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