#stayhome Maintain the distance, wash your hands, and follow instructions from the health authorities.
RSS   Newsletter   Contact   Advertise with us

BlackBerry Q3 2020 revenue up 23%

Share on Twitter Share on LinkedIn
Christian Fernsby ▼ | December 23, 2019
BlackBerry reported financial results for the three months ended November 30, 2019.
BlackBerry
BlackBerry   Total company non-GAAP revenue was $280 million
Total company non-GAAP revenue for the third quarter of fiscal 2020 was $280 million, up 23% year-over-year.

Topics: BlackBerry

Total company GAAP revenue for the third quarter of fiscal 2020 was $267 million, up 18% year-over-year.

Total non-GAAP software and services revenue was $275 million, up 26% year-over-year.

Total GAAP software and services revenue was $262 million, up 21% year-over-year.

Third quarter recurring non-GAAP software and services revenue (excluding IP licensing and professional services) was over 90%.

Non-GAAP gross margin was 77% and GAAP gross margin was 74%.

Total company non-GAAP operating earnings was $20 million.

Total company GAAP operating loss was $29 million.

Non-GAAP earnings per share was $0.03 (basic and diluted).

GAAP net loss was $0.06 per basic share and $0.07 per diluted share.

GAAP net loss includes $35 million for acquired intangibles amortization expense, $15 million in stock compensation expense, $10 million in restructuring charges, a benefit of $20 million related to the fair value adjustment on the debentures, and other amounts as summarized in a table below.

Total cash, cash equivalents, short-term and long-term investments was $970 million as of November 30, 2019.

Free cash flow generated, before considering the impact of acquisition and integration expenses, restructuring costs and legal proceedings, was $41 million.

Cash generated from operations was $40 million and capital expenditures were $3 million.


 

MORE INSIDE POST