Ron Burgundy Posted December 20, 2016 Share Posted December 20, 2016 By Alastair Sharp and Allison Martell TORONTO (Reuters) - BlackBerry Ltd on Tuesday posted an adjusted profit that beat expectations even as revenue dropped sharply, as the software growth it is relying on failed to fully make up for its retreat from handsets and lost service fees. The Canadian smartphone pioneer has gone through a wrenching transition in recent years featuring huge writedowns and job cuts as it seeks to build up a software business not tied directly to its eponymous smartphones, which have fallen from market dominance to also-ran in the iPhone and Android era. BlackBerry said about 80 percent of its software and services revenue, excluding patent licensing and professional services, was recurring, which helped it notch a record gross margin. View the full article Quote Link to comment Share on other sites More sharing options...
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