Investing.com -- BlackBerry Limited (NYSE: BB; TSX: BB) reported first quarter fiscal 2027 results that exceeded analyst expectations, sending shares over 7% higher premarket.

Adjusted earnings per share of $0.04 beat the consensus estimate of $0.03, while revenue of $152.9 million surpassed the $133.85 million estimate. Revenue increased 26% YoY from the prior year period, while the company achieved its first fiscal first quarter of positive operating cash flow in nine years.

The company posted adjusted EBITDA of $36.3 million, up 144% YoY, with both its QNX and Secure Communications segments achieving Rule of 40 performance. BlackBerry generated $4.6 million in operating cash flow and reported GAAP net income of $8.5 million, marking its fifth consecutive quarter of profitability.

The company repurchased 2.6 million shares for $10.0 million during the quarter and ended with $422.9 million in cash and investments.

"Our first quarter results demonstrate continued momentum following our transformation, as we advance our strategy to drive profitable growth," said John J. Giamatteo, CEO of BlackBerry. "We exceeded expectations for revenue, profitability, and cash generation through solid performance by our world class QNX and Secure Communications teams."

For the second quarter of fiscal 2027, BlackBerry expects adjusted EPS of $0.03-$0.04, with a midpoint of $0.035 slightly below the consensus of $0.04. The company guides for second quarter revenue of $137-$148 million, with a midpoint of $142.5 million above the consensus of $140.8 million.

For the full fiscal year 2027, BlackBerry projects adjusted EPS of $0.16-$0.20, with a midpoint of $0.18 matching the consensus estimate. Full-year revenue guidance of $594-$621 million has a midpoint of $607.5 million, slightly above the consensus of $601.9 million. The company expects approximately $100 million in operating cash flow for the fiscal year.