BlackBerry (BB) Tops Q3 EPS by 3c, Revs Beat; Maintains Outlook
BlackBerry (NYSE: BB) reported Q3 EPS of $0.03, versus the consensus of $0.00. Revenue for the quarter came in at $235 million versus the consensus estimate of $215.42 million.
"Our momentum continues, with the delivery of a strong third quarter; I am very pleased with our results. Our progress, in both our financial and strategic objectives, is notable," said John Chen, Executive Chairman and CEO, BlackBerry. "We achieved records in software and services revenue and total company gross margin; breaking the records we set last quarter. We expanded our position in key verticals and geographies, with many new partners and highly competitive customer wins."
"Our strategy is working and our execution is yielding results," said Chen. "We are a market leader in secure endpoint management and embedded software. The validation we have received, from partners, customers and industry experts around the world, speaks for itself."
"BlackBerry's market opportunity is significant and, based on our progress so far in FY18, I am pleased with our near-term outlook and longer-term potential."
Maintaining guidance for the full year fiscal 2018:
- -- Total non-GAAP revenue guidance is maintained, in the range of $920 million to $950 million. Given the strength of our first three quarters and our outlook for the full year fiscal 2018, we expect to come in the mid to higher end of that range
- -- Total non-GAAP software and services revenue growth in the range of 10 percent to 15 percent
- -- Positive non-GAAP EPS for the full year
- -- Positive free cash flow for the full year, before taking into account the net impact of arbitration awards and damages, as well as costs related to restructuring and transition from the hardware business
For earnings history and earnings-related data on BlackBerry (BB) click here.
