====BlackBerry (BBRY) reported earnings on Wed 28 Sept 2016 (b/o)

BlackBerry beats by $0.05, misses on revs; guides FY17 EPS above consensus; appoints Steven Capelli CFO; announces first major device software licensing agreement and JV with Indonesian PT BB Merah Putih  :

• Reports Q2 (Aug) net of breakeven, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of ($0.05); revenues fell 28.2% year/year to $352 mln vs the $396.16 mln Capital IQ Consensus.
• The non-GAAP revenue breakdown for the quarter was ~44% for software and services, 26% for service access fees (:SAF), and 30% for mobility solutions. BlackBerry had around 3,000 enterprise customer wins in the quarter. ~81% of the second quarter software and services revenue was recurring.
• Co issues upside guidance for FY17, sees EPS of ($0.05)-0.00, excluding non-recurring items, vs. ($0.16) Capital IQ Consensus Estimate.
• "We are reaching an inflection point with our strategy. Our financial foundation is strong, and our pivot to software is taking hold," said John Chen, Executive Chairman and CEO, BlackBerry. "In Q2, we more than doubled our software revenue year over year and delivered the highest gross margin in the company's history. We also completed initial shipments of BlackBerry Radar, an end-to end asset tracking system, and signed a strategic licensing agreement to drive global growth in our BBM consumer business."
• Co announced the appointment of Steven Capelli as Chief Financial Officer. Capelli brings 25 years of executive experience in the software and technology industry with a strong track record for driving profitable growth and increased operational efficiencies across business and corporate functions. Most recently, Capelli was President of Worldwide Field Operations at Sybase. Co will succeed James Yersh, who is leaving the company for personal reasons
• Co announced an agreement with newly formed joint venture PT BB Merah Putih to license BlackBerry software and services for the production of handsets for the Indonesian market. This partnership accelerates BlackBerry's overall focus on driving software growth, specifically developing and licensing device software offerings, including security solutions and applications, through its Mobility Solutions business unit. BB Merah Putih will source, distribute and promote BlackBerry-branded devices that use BlackBerry's secure Android software and applications.