BlackBerry shares fall as doubts on software revenue emerge

By Euan Rocha WATERLOO, Ontario (Reuters) – BlackBerry shares fell on Tuesday as doubts surfaced about the sustainability of the sharp growth the former smartphone pioneer reported in crucial software revenues, an area BlackBerry’s CEO said he will augment via acquisitions. As the Waterloo, Ontario-based company transforms from being a hardware-driven smartphone maker to a more software-focused entity, all eyes are on the growth it gets from its core device management platform BES12, which manages and secures all manner of traffic on Android, iOS, Windows and BlackBerry devices. “But, of course, it’s not truly $137 million because there is some licensing in there.” BlackBerry said two new licensing deals, one with Cisco Systems Inc and one with an unnamed party, made a “significant contributions” to software revenue in the quarter, but it did not disclose the terms of the agreements.

Quoted from BlackBerry shares fall as doubts on software revenue emerge on Gadgets News Headlines – Yahoo! News

WATERLOO, ONT.—BlackBerry CEO John Chen defended his plan to grow the software business as its shares tumbled Friday after reporting revenue that fell short of expectations. The pany said Shares fell 8.5% to $8.00, their biggest decline since January 2015. New handsets indicate more costs and less profitability in an industry where BlackBerry's global market share has slipped below 1%. 's U.S.-listed were down 4 percent at $10.85 after the closing bell and the stock w set to open at its lowest in a week. Earlier, Internatial Business Machines Corp said it Tags: blackberry, shares, fall, after, BlackBerry shares fall sharply after sharply after smartphe maker posts shock loss This article is more than 6 years old Traders slh $1.2bn from pany's valuati after it reveals $169m loss following Ltd.’s share of the smartphe market is quickly vanishing. ’s global shipments are projected to almost 50 percent this year to about 9.7 milli smartphes

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