BlackBerry Limited Announced Q4 Results

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BlackBerry Limited (NYSE: BB) announced its financial results for the fourth quarter of fiscal 2018. Shares of the company increased around 1% to $12.55 per share today.

According to the company, non-GAAP revenue for the fourth quarter was $239 million, and GAAP revenue dropped 18.5% to $233 million.

In addition, the company announced adjusted earnings per share to be $0.05 per share for the fourth quarter, compared with analysts’ estimates of breaking even. Non-GAAP gross margin was 79% for the quarter, and GAAP gross margin increased from 60.1% of last year to 76% for the fourth quarter of fiscal 2018.

“I am very pleased with our execution. We achieved another record quarter in software and services revenue as we grew across all three of our software businesses. We also generated positive non-GAAP EPS and cash flow from operations for the fiscal year,” John Chen, the Executive Chairman and CEO of the company, said in the press release on Wednesday.

“Customers and partners recognize our technology innovation and market leadership.  BlackBerry's market opportunities in unified endpoint management and embedded software are significant and synergistic, and our innovation and execution give us confidence to be a leader in the Enterprise of Things,” he said.

The company also provided guidance for fiscal 2019. According to BlackBerry, non-GAAP EPS is expected to be positive, and free cash flow is expected to be positive too for the full year. In addition, total company software and services billings growth is expected to be double-digits.

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