Mixed Results for BlackBerry
While results support our thesis that BlackBerry has successfully transitioned from a hardware to a software company, its long-term success remains to be seen.
Fiscal first-quarter non-GAAP revenue for BlackBerry’s three segments--software and service, handheld devices, and SAF--were $169 million, $37 million, and $38 million, respectively. Management guided for deceleration in revenue growth within the software and services segment, similar to what it said the previous quarter.
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