The
smartphone industry pioneer reported a net loss of $238 million,
or 45 cents a share, for the fourth quarter ended on Feb. 29,
compared with year-earlier profit of $28 million, or 5 cents a
share.
Excluding one-time items, the company posted a loss of 3 cents a
share.
Analysts on average had forecast a loss of 10 cents a share,
according to Thomson Reuters I/B/E/S.
BlackBerry said it expected its software and services revenue to
grow faster than the overall mobility software market, at around
30 percent.
"We have clearly gained traction and market share in enterprise
software," Chief Executive Officer John Chen said in a
statement.
The company said it got just under a third of its revenue from
software and services. Service access fees still contributed 29
percent, and 39 percent was from hardware and other revenue.
Software and licensing revenue for the year came to $527
million, exceeding BlackBerry's target of $500 million.
Shares of BlackBerry were down 2.6 percent at $7.88 in trading
before the market opened.
(Reporting by Euan Rocha and Alastair Sharp; Editing by Chizu
Nomiyama and Lisa Von Ahn)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed. |
|