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BRIEF-Blackberry Sees Revenue Growth Of Between 23 Pct To 27 Pct In Fiscal 2020 - CEO, Conf. Call

Published 2019-03-29, 08:50 a/m
© Reuters.  BRIEF-Blackberry Sees Revenue Growth Of Between 23 Pct To 27 Pct In Fiscal 2020 - CEO, Conf. Call
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March 29 (Reuters) - BlackBerry Ltd BB.TO :

* THIS IS THE LAST QUARTER OF YOY COMPARATIVE IMPACT RELATED TO THE IMPLEMENTATION OF THE ASC 606 - CEO, CONF. CALL

* STRENGTH IN QUARTER CAME FROM MAINLY FINANCIAL SERVICES AND GOVERNMENT VERTICALS - CEO, CONF. CALL

* RECEIVED OVER 400 ORDERS FROM BANKING CUSTOMERS AROUND THE WORLD IN FINANCIAL SERVICES VERTICAL - CEO, CONF. CALL

* SEES $270 MILLION IN LICENSING REVENUE IN FISCAL YEAR 2020 - CEO, CONF. CALL

* FOR FISCAL 2020, CO ORGANIZING 3 BUSINESS UNITS - IOT, BLACKBERRY CYLANCE AND LICENSING - CEO, CONF. CALL

* SEES REVENUE GROWTH BETWEEN 23 PERCENT-27 PERCENT IN FISCAL 2020 - CEO, CONF. CALL

* SEES GROWTH IN IOT BUSINESS UNIT OF 12 PERCENT TO 16 PERCENT IN FISCAL 2020 - CEO, CONF. CALL

* SEES LICENSING REVENUE TO FALL 5 PERCENT YEAR-OVER-YEAR IN FISCAL 2020 - CEO, CONF. CALL

* EXPECT TECHNOLOGY SOLUTIONS TO GROW FASTER THAN ENTERPRISE SOFTWARE UNIT - CEO, CONF. CALL

* EXPECT BLACKBERRY CYLANCE GROWTH BETWEEN 25 PERCENT TO 30 PERCENT IN FISCAL 2020 FROM BASE OF $170 MILLION - CEO, CONF. CALL

* CURRENTLY HAVE OVER 100 PATENTS IN APPLICATION - CEO, CONF. CALL

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