BlackBerry Q4 Conference Call: A Play-By-Play Recap
BlackBerry Ltd (NYSE: BBRY) reported earnings on Friday morning. The company will hold a conference call at 8:00am ET; below is a live blog of the events.
8:56am: Conference call has ended. Shares up 6.4 percent at $9.91 in the premarket.
8:55am: Chen's 3 key takeaways: 1) Financial house is in order; 2) Seeing traction in devices; 3) Sustain software momentum
8:51am: BES12 market, channel checks are good. Carriers like it.
8:45am: Chen is comfortable with the company's productivity
8:44am: Morale at the company will gradually turn positive; it's a lot better than a year ago
8:38am: Chen says we want to manage all endpoints in your shop.
8:36am: $13M of license in quarter are motivated by Easy Pass
8:33am: 11% of company is in sales or direct sales; has risen in the last year. Need to get that to at least 15-20%
8:27am: Mid-year ramp up for the $600M software revenue goal
8:22am: Guidance estimates for $(0.08) to $(0.13) is somewhat reasonable, but 'we hope to do better'
8:21am: Chen says No. 1 focus for FY2016 is profitability and sustaining it. No 2. focus is to generate free cash flow every quarter
8:20am: Chen Expects $600M in Software Revenue in FY 2016
8:13am: Chen says Had 2,200 Customer Wins in Quarter, Including Delta Airlines, Canadian Government
8:09am: CEO Chen Says Cash Balance at Highest Ever Level, Financial Viability No Longer in Question
7:30am: Shares resumed trading
7:01am: Blackberry shares were halted following earnings report.
Related Link: BlackBerry Posts Q4 Profit, But Revenue Misses Views
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