With emphasis on software and services, BlackBerry reports its highest gross margins ever in Q3

BlackBerry reported its fiscal third quarter earnings today, and with the focus on software and services and away from hardware, the company reported a 47% drop in Q3 revenue to $289 million on a year-over-year basis. Software and services was responsible for $160 million of that amount, up 16% from the fiscal second quarter. For the current fiscal year, the company expects top line growth of 30% in the software and services area.

For the fiscal third quarter, BlackBerry overall reported a net loss of $117 million, or 22 cents a share. Excluding certain non-recurring items, BlackBerry had ...