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BlackBerry Gains on IoT Growth, but Sours on Guidance Cut
MarketBeat· 2024-04-09 10:12
Key PointsBlackBerry once dominated the smartphone market as Research in Motion in the med-2,000s, ushering in the smartphone era, which was taken over by Apple's iPhone and Samsung's Galaxy smartphones.BlackBerry ditched smartphones and transitioned into a software company focused on mobile device management (MD) and unified endpoint management (UEM), offering cybersecurity and internet-of-things (IoT) solutions.The company reported fiscal Q4 2024 EPS beat by 7 cents as revenues rose 14.6% YoY but cut its ...
BlackBerry Announces Collaboration with AMD to Advance Foundational Precision and Control for Robotics Industry
Prnewswire· 2024-04-09 07:00
Collaboration to revolutionize robotics industry with enhanced real-time performance, precision, reliability, and scalability NUREMBURG, Germany, April 9, 2024 /PRNewswire/ -- At Embedded World today, BlackBerry Limited (NYSE: BB; TSX: BB) announced a collaboration with AMD designed to revolutionize next-generation robotic systems by enabling new levels of low latency and jitter, and repeatable determinism. Together, the companies will address the critical need for 'hard' real-time capabilities in robotics ...
BlackBerry(BB) - 2024 Q4 - Annual Report
2024-04-04 21:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38232 ______________________________________________________ BlackBerry Limited (Exact name of registrant as specified ...
BlackBerry (BB) Q4 Earnings Beat Estimates, Revenues Up Y/Y
Zacks Investment Research· 2024-04-04 16:56
BlackBerry Limited (BB) reported fourth-quarter fiscal 2024 (ended Feb 29) adjusted earnings per share (EPS) of 3 cents. In the year-ago quarter, it incurred a non-GAAP loss of 2 cents. The Zacks Consensus Estimate was pegged at a loss of 3 cents.Quarterly total revenues were $173 million compared with the prior-quarter revenues of $151 million. Revenues benefited from solid demand for its solution across the advanced driver assistance systems market.The company expects fiscal first-quarter total revenues i ...
BlackBerry reports record Internet-of-Things revenues
Proactive Investors· 2024-04-04 10:19
About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...
BlackBerry earnings send BB stock up over 6%, what happened?
Invezz· 2024-04-04 09:42
BlackBerry Ltd shares rose more than 6% in after-hours trading on Wednesday following the company’s unexpected adjusted profit in its latest quarter, showcasing significant sales growth in its cybersecurity and internet-of-things (IoT) businesses.BlackBerry earnings score big on IoT Copy link to section BlackBerry’s fiscal fourth quarter marked its “strongest-ever quarter” for the company’s IoT division, with CEO John J. Giamatteo noting that the company also made significant strides in advancing its cybers ...
BlackBerry(BB) - 2024 Q4 - Earnings Call Transcript
2024-04-04 00:03
BlackBerry Limited (NYSE:BB) Q4 2024 Earnings Conference Call April 3, 2023 5:30 PM ET Company Participants Tim Foote - CFO Cybersecurity Division and Head of IR John Giamatteo - CEO Steve Rai - CFO Conference Call Participants Mike Walkley - Canaccord Genuity William Kerwin - Morningstar Paul Treiber - RBC Capital Markets Operator Good afternoon, and welcome to the BlackBerry Fourth Quarter and Full Fiscal Year 2024 Results Conference Call. My name is MJ, and I'll be your conference moderator for today's c ...
BlackBerry(BB) - 2024 Q4 - Annual Results
2024-04-03 21:20
Exhibit 99.1 Fourth Quarter Fiscal 2024 Financial Highlights April 3, 2024 FOR IMMEDIATE RELEASE BlackBerry Reports Fourth Quarter and Full Fiscal Year 2024 Results • Delivers year-over-year revenue growth for both IoT and Cybersecurity divisions • IoT division reports record revenue quarter and QNX royalty backlog of $815 million • Cybersecurity division stabilizes ARR, with sequential growth and DBNRR improvement • Significantly improves operating cash usage sequentially and expects to be cashflow and adj ...
BlackBerry Reports Fourth Quarter and Full Fiscal Year 2024 Results
Prnewswire· 2024-04-03 21:05
Delivers year-over-year revenue growth for both IoT and Cybersecurity divisions IoT division reports record revenue quarter and QNX royalty backlog of $815 million Cybersecurity division stabilizes ARR, with sequential growth and DBNRR improvement Significantly improves operating cash usage sequentially and expects to be cashflow and adjusted EBITDA positive for FY25 Non-GAAP earnings per share beats expectations WATERLOO, Ontario, April 3, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today ...
Here's What to Expect From BlackBerry's (BB) Q4 Earnings
Zacks Investment Research· 2024-04-01 15:56
BlackBerry Limited (BB) is scheduled to report fourth-quarter fiscal 2024 results on Apr 3.The Zacks Consensus Estimate is pegged at a loss of 3 cents per share, which remained unchanged over the past 60 days. The company reported a loss of 2 cents in the prior-year quarter.In the last reported quarter, BB reported adjusted earnings per share (EPS) of 1 cent. In the prior-year quarter, it incurred non-GAAP loss of 5 cents. Quarterly total revenues were $175 million compared with $169 million in the prior qu ...