BlackBerry (BB) Tops Q2 EPS by 9c, Revenues Beat
BlackBerry (NYSE: BB) reported Q2 EPS of $0.11, $0.09 better than the analyst estimate of $0.02. Revenue for the quarter came in at $266 million versus the consensus estimate of $237.95 million.
"We are pleased to report sequential and year-over-year revenue growth this quarter, exceeding expectations, despite the ongoing challenges from COVID-19," said John Chen, Executive Chairman & CEO, BlackBerry. "Continued demand for our secure, 'Work from Anywhere', solutions remains a major driver for our BlackBerry Spark business, which performed well this quarter. Some signs of recovery in auto production point to sequential revenue growth and a return to a normal run rate for QNX by early next year. Continued QNX design wins and significant cybersecurity partnerships position the business strongly for the future. We are also seeing positive signs from our focus on the key components of our go-to-market strategy, including: strong channel partnerships, marketing, customer success and investing in new talent for our sales force."
For earnings history and earnings-related data on BlackBerry (BB) click here.
