BlackBerry is gaining momentum as a software

BlackBerry is gaining momentum as a software

Tech March 31, 2017 13:30

waterloo - BlackBerry is more and better software. The once-glorious maker of smartphones keyboard is making devices now outsourced to other companies and focuses on other services.

The Canadian group surpassed in fiscal 2017, which ran until the end of February's sales targets for its software division. The company thus raked in $ 640 million, which the intended improvement was achieved by 30 percent.

Sales in the fourth quarter amounted to 286 million dollars. This is considerably lower than sales of $ 2.2 billion a year earlier, but that is due to the disposal of the smartphone business. Below the line there remained a loss of $ 47 million compared to a loss of 208 million dollars in 2016.

For the year 2018 CEO John Chen is counting on continued growth of software revenue. In addition he counts on profit, apart from certain non-recurring items.

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