BlackBerry’s way to recovery
Written by Mark Evans
As the devastating news comes across that Theresa May id ditching her Blackberry for an iPhone, the Canadian technology company is showing signs of a financial recovery, posting double-digit growth of sales and a record total company gross margin of 79 per cent.
The company has scarified handsets in order to focus on endpoint management and embedded software, and is seeking to carve a niche out for itself in the ‘Enterprise of Things’.
"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," said John Chen, executive chairman and CEO, BlackBerry.