Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-BlackBerry comments from fiscal Q2 conference call

Published 2015-09-25, 08:55 a/m
© Reuters.  BRIEF-BlackBerry comments from fiscal Q2 conference call
BB
-

Sept 25 (Reuters) - BlackBerry BB.TO :
* CEO says bes 12 software and qnx were the largest contributors to the
software revenue growth in the quarter
* CEO says new software customer adds in the quarter include airbus, td bank,
siemens and lg electronics, among others
* CEO says not satisfied with performance of the handset business
* CEO says in Q2 company we did not generate any ip licensing revenue
* CEO says expects cost synergies from good acquisition; sees full integration
plan on day one
* CEO says software revenue should continue to grow in double-digits in next
two quarters
* CEO says will move quickly to eliminate duplicate back office functions and
infrastructure after good deal closes
* CEO says board has approved additional share buyback of 15 million shares
* CFO james yersh says average selling price of a BlackBerry device in quarter
was $240
* CEO says if android device is successful, accepted by high regulated clients,
co could move solely to android
* CEO says is cheaper for co to build and bring an android device to market
than a bb10 device
* CEO says no plan to release another bb10 device this year
* CEO says expects software revenue growth to offset services decline by Q4
* CEO says contribution to revenue of bbm is still below our expectation
* Shares turn positive in pre-market NASDAQ trade, at $7.05

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.