MKM Partners Raises Price Target on BlackBerry (BBRY) Following Better Than Expected 3Q
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BlackBerry Reports 43 Percent Year-over-Year Organic Growth in Software License Revenue for the Fiscal 2016 Third Quarter
December 18, 2015 7:00 AM ESTWATERLOO, ONTARIO -- (Marketwired) -- 12/18/15 -- BlackBerry Limited (NASDAQ: BBRY)(TSX: BB), a global leader in mobile communications, today reported financial results for the three months ended November 28, 2015 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
Q3 Highlights
-- Non-GAAP total revenue of $557 million, up 14 percent over Q2 FY16 -- Non-GAAP software and services revenue of $162 million, up 183 percent year over year and up 119 percent quarter over quarter -- Adjusted EBITDA of $114 million -- Cash and investments balance of $2.71... More