Friday 31 March 2017

No joke; BlackBerry beats Wall Street expectations for the fourth quarter

BlackBerry, in the midst of transitioning from a hardware to a software company, topped Wall Street expectations with its latest earnings report announced this morning. For the fourth fiscal quarter which ended on February 28th, the company grew its top line by 12.2% to $193 million. BlackBerry has turned over design, production, marketing and sales of BlackBerry phones over to companies like China's TCL. BlackBerry provides the software and collects a royalty based on sales.

The company also is involved with providing software to the IoT. It sells industrial software to manufacturers, and ...

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