BlackBerry Posts Quarterly Loss on Restructuring, Acquisition Costs

Advertisement
By Reuters | Updated: 1 April 2016 17:36 IST
BlackBerry Ltd posted a quarterly net loss on Friday, mainly from restructuring and acquisition-related costs.

The smartphone industry pioneer reported a net loss of $238 million (roughly Rs. 1,578 crores), or 45 cents a share, for the fourth quarter ended on Feb. 29, compared with year-earlier profit of $28 million (roughly Rs. 185 crores), or 5 cents a share.

Excluding one-time items, the company posted a loss of 3 cents a share.

Analysts on average had forecast a loss of 10 cents a share, according to Thomson Reuters I/B/E/S.

Advertisement

BlackBerry said it expected its software and services revenue to grow faster than the overall mobility software market, at around 30 percent.

Advertisement

"We have clearly gained traction and market share in enterprise software," Chief Executive Officer John Chen said in a statement.

The company said it got just under a third of its revenue from software and services. Service access fees still contributed 29 percent, and 39 percent was from hardware and other revenue.

Advertisement

Software and licensing revenue for the year came to $527 million (roughly Rs. 3,495 crores), exceeding BlackBerry's target of $500 million (roughly Rs. 3,316 crores).

Shares of BlackBerry were down 2.6 percent at $7.88 in trading before the market opened.

Advertisement

© Thomson Reuters 2016

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement

Related Stories

Popular Mobile Brands
  1. Best Diwali 2025 Wishes, Quotes, and Facebook Statuses to Share
  2. Madam Sengupta Is Now Streaming: Know Where to Watch This Bangla Crime Thriller
  1. Mysterious Asteroid Impact Found in Australia, But the Crater is Missing
  2. Thanal Comes to OTT: Everything You Need to Know About This Tamil Action Thriller
  3. Madam Sengupta Is Now Streaming: Know Where to Watch This Bangla Crime Thriller
  4. Ryugu Samples Reveal Ancient Water Flow on Asteroid for a Billion Years
  5. Scientists Create Most Detailed Radio Map of Early Universe Using MWA
  6. Mayor of Kingstown Season 4 OTT Release: Know When, Where to Watch Jeremy Renner's Crime Drama
  7. Our Fault Is Streaming Now: Know All About This Gabriel Guevara and Nicole Wallace Starrer
  8. The Conjuring: Last Rites Is Now Streaming Online: Know Where to Watch the Latest Installment from the Horror Franchise
  9. Delhi Crime Season 3 OTT Release: Know When to Watch This Shefali Shah Thriller Series
  10. Vast Space to Launch Haven-1, the World’s First Private Space Station in 2026
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.