BlackBerry beats by $0.04, beats on revs; expects to be profitable on a non-GAAP basis and to generate positive free cash flow for FY18:
- Reports Q4 (Feb) adj earnings of $0.04 per share, $0.04 better than the Capital IQ Consensus of ($0.00); Non-GAAP revenues fell 39.0% year/year to $297 mln vs the $288.45 mln Capital IQ Consensus.
- "Q4 non-GAAP Company total software and services revenues of $193 million; GAAP Company total software and services revenues of $182 million -- Q4 non-GAAP gross margin of 65%; GAAP gross margin of 60% -- Q4 adjusted EBITDA of $42 million; positive for thirteenth consecutive quarter."
- FY18 Guidance: "Looking ahead to fiscal 2018, we expect to grow at or above the overall market in our software business. We also expect to be profitable on a non-GAAP basis and to generate positive free cash flow for the full year."
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