BlackBerry beats by $0.02, beats on revs
- Reports Q3 (Nov) loss of $0.05 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of ($0.07); revenues fell 8.2% year/year to $169 mln vs the $166.78 mln S&P Capital IQ Consensus.
- IoT revenue was $51 million, a 19% increase year-over-year, with gross margin of 80%.
- Cybersecurity revenue was $106 million, with gross margin of 57% and ARR of $313 million.
- Cybersecurity billings were $103 million.
- Software and Services revenue in total was $157 million.
- Licensing and Other revenue was $12 million, with gross margin of 67%.
- Co added, "In line with the path outlined last quarter, churn improved and there was further evidence that investments in go-to-market and the product portfolio will drive further sequential improvements and progress towards a return to ARR growth next fiscal year."
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