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

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