=BlackBerry (BBRY) reported earnings on Fri 23 June 2017 (b/o)

BlackBerry beats by $0.02, misses on revs; outlook for FY18 unchanged:

• Reports Q1 (May) earnings of $0.02 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of ($0.00); revenues fell 42.5% year/year to $244 mln ($235 mln on GAAP basis) vs the $262.8 mln Capital IQ Consensus.
• Q1 non-GAAP Company total software and services revenues of $169 million; GAAP Company total software and services revenues of $160 million
• Q1 non-GAAP gross margin of 67%; GAAP gross margin of 64%
• BlackBerry had over 3,000 enterprise customer orders in the quarter.
• There were no purchase orders with contract manufacturers at the end of the first quarter, or at the end of the fourth quarter of fiscal 2017, down from $150 million a year ago.
• Outlook:
  • "Our outlook for fiscal 2018 is unchanged. We expect growth at or above the overall market in software and services. We also expect to be profitable on a non-GAAP basis and to generate positive free cash flow for the full year, excluding the benefit of the Qualcomm arbitration award."

BlackBerry announces 31 mln common share purchase program :

• Co announced that it has received acceptance from the Toronto Stock Exchange with respect to a normal course issuer bid to purchase for cancellation up to 31,000,000 BlackBerry common shares, representing approximately 6.4% of the outstanding public float as at May 31, 2017.
• BlackBerry can purchase the common shares pursuant to the NCIB through the facilities of the TSX, over the Nasdaq Stock Market or through alternative trading systems. Any BlackBerry common shares purchased through the NCIB will be cancelled.