Articles by Bla1Ze

Listen to the replay of BlackBerry's Q1 Fiscal 2018 earnings call

If you weren't able to tune into BlackBerry's Q1 Fiscal 2018 earnings call, you can now listen to the full replay. As noted in BlackBerry's press release, there was plenty of highlights for the quarter and several relevant announcements made after the quarter closed.

BlackBerry announces common share purchase program

BlackBerry announces common share purchase program

In addition to announcing their Q1 Fiscal 2018 results, BlackBerry has now also announced that it has received acceptance from the Toronto Stock Exchange to purchase for cancellation up to 31,000,000 BlackBerry common shares, representing approximately 6.4% of the outstanding public float as at May 31, 2017.

"The purpose of this repurchase program is to offset a portion of the expected dilution from our equity incentive plan and from conversion of our 3.75% Debentures," said BlackBerry Executive Chairman and CEO, John Chen. "We intend to take advantage of our strong cash position to purchase our shares when the market price does not reflect what we view to be the underlying value and future prospects of our business, without adversely affecting our strategic initiatives," added Mr. Chen.

The actual number of shares to be purchased and the timing and pricing of any purchases under the share repurchase program will depend on future market conditions and upon potential alternative uses for cash resources.

BlackBerry Announces Common Share Purchase Program

Jun 23, 2017 WATERLOO, ONTARIO--(June 23, 2017) - BlackBerry Limited (NASDAQ:BBRY)(TSX:BB) today announced that it has received acceptance from the Toronto Stock Exchange (the "TSX") with respect to a normal course issuer bid ("NCIB") to purchase for cancellation up to 31,000,000 BlackBerry common shares, representing approximately 6.4% of the outstanding public float as at May 31, 2017. BlackBerry can purchase the common shares pursuant to the NCIB through the facilities of the TSX, over the Nasdaq Stock Market or through alternative trading systems. Any BlackBerry common shares purchased through the NCIB will be cancelled.

As of May 31, 2017, BlackBerry had 531,475,629 common shares outstanding and the public float was 481,212,321 common shares, and the average daily trading volume on the TSX for the 6 months prior to June 1, 2017 was 1,378,965. Daily purchases through the facilities of the TSX will be limited to 344,741 common shares, other than block purchases. BlackBerry has entered into an automatic repurchase plan dated as of June 22, 2017 with TD Securities Inc. to allow for the repurchase of common shares at times when BlackBerry ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Purchases under the NCIB may commence on June 27, 2017 and will terminate on June 26, 2018 or on such earlier date as BlackBerry has repurchased the maximum number of common shares permitted under the NCIB.

In the past 12 months, BlackBerry repurchased for cancellation US$5,036,000 principal amount of its then-outstanding 6% unsecured convertible debentures (the "6% Debentures") at a weighted average price of US$105.26 per US$100.00 principal amount of 6% Debentures. In September 2016, BlackBerry redeemed all of the remaining 6% Debentures and completed a private placement of new 3.75% unsecured convertible debentures (the "3.75% Debentures").

On June 21, 2017, the shareholders of BlackBerry approved an increase in the number of shares available under BlackBerry's equity incentive plan. "The purpose of this repurchase program is to offset a portion of the expected dilution from our equity incentive plan and from conversion of our 3.75% Debentures," said BlackBerry Executive Chairman and CEO, John Chen. "We intend to take advantage of our strong cash position to purchase our shares when the market price does not reflect what we view to be the underlying value and future prospects of our business, without adversely affecting our strategic initiatives," added Mr. Chen.

The price that BlackBerry will pay for any shares under the share repurchase program will be the prevailing market price at the time of purchase. The share repurchase program will be effected in accordance with Rule 10b-18 under the U.S. Securities Exchange Act of 1934 and the TSX's normal course issuer bid rules, which contain restrictions on the number of shares that may be purchased on a single day, subject to certain exceptions for block purchases, based on the average daily trading volumes of BlackBerry's shares on the applicable exchange. In addition, subject to TSX approval, BlackBerry may enter into forward purchase or swap contracts in connection with common shares which may be settled by physical settlement, cash settlement or a combination thereof. The forward price will be based on market price, dividend yield and market interest rates.

The actual number of shares to be purchased and the timing and pricing of any purchases under the share repurchase program will depend on future market conditions and upon potential alternative uses for cash resources. There is no assurance that any shares will be purchased under the share repurchase program and BlackBerry may elect to modify, suspend or discontinue the program at any time without prior notice.

The TSX has not reviewed nor does it accept responsibility for the adequacy or accuracy of this news release.

About BlackBerry

BlackBerry is a mobile-native security software and services company dedicated to securing people, devices, processes and systems for today's enterprise. Based in Waterloo, Ontario, the company was founded in 1984 and operates in North America, Europe, Asia, Middle East, Latin America and Africa. The Company trades under the ticker symbols "BB" on the Toronto Stock Exchange and "BBRY" on the NASDAQ. For more information, visit www.BlackBerry.com.

BlackBerry reports profitability in Fiscal 2018 First Quarter

BlackBerry has now announced their Q1 fiscal 2018 results. Non-GAAP revenue for the first quarter of fiscal 2018 was $244 million with GAAP revenue of $235 million. Approximately 79% of first quarter software and services revenue (excluding IP licensing and professional services) was recurring. BlackBerry had over 3,000 enterprise customer orders in the quarter.

"In Q1, we made great progress strengthening our strategic position in emerging growth markets, most notably in cybersecurity and the Enterprise of Things," said John Chen, Executive Chairman and CEO, BlackBerry. "We secured key design wins in high growth segments of automotive technology, including advanced driver assist, digital instrument cluster and our hypervisor solution. Our ecosystem is growing with Qualcomm and NVIDIA adopting BlackBerry technology for their automotive platforms. Furthermore, we have been recognized once again as a leader in Gartner's Magic Quadrant on the strength of our BlackBerry Secure platform."

Q1 Highlights

  • Q1 non-GAAP total revenue of $244 million; GAAP total revenue of $235 million
  • Q1 non-GAAP Company total software and services revenues of $169 million; GAAP Company total software and services revenues of $160 million
  • Q1 non-GAAP gross margin of 67%; GAAP gross margin of 64%
  • Total cash balance increased to $2.6 billion at the end of the fiscal first quarter
  • Awarded $940 million from the positive outcome of the Qualcomm arbitration
  • Launched AtHoc ACCOUNT, a new FedRAMP-authorized solution that enables government agencies and large organizations to account for personnel in real time; BlackBerry AtHoc is the only platform to achieve FedRAMP authorization for crisis communications
  • TCL initiated shipments of the BlackBerry KEYone, as part of the Company's licensing program
  • BB Merah Putih initiated shipments of the BlackBerry Aurora, as part of the Company's licensing program
  • Launched BlackBerry SHIELD, an assessment tool for cybersecurity risk management; partnered with Allied World to make the tool available to its cyber insurance policyholders
  • After the quarter, launched QNX Hypervisor 2.0, which enables the partitioning and isolation of safety critical environments in connected cars
  • After the quarter, announced that Qualcomm is adopting QNX Hypervisor 2.0 in support of its digital cockpit solutions
  • After the quarter, BlackBerry named a "Leader" in the Gartner Magic Quadrant for Enterprise Mobility Management Suites
  • After the quarter, announced the general availability of BBM Enterprise SDK to address the Communications Platform as a Service (CPaaS) market; more than 60 ISVs are using the tool to develop mobile apps for iOS and Android

"Our financial foundation is solid," continued Chen. "We reported non-GAAP profitability for the third consecutive quarter, and our balance sheet continues to strengthen. More importantly, we are better positioned to invest in our strategic areas of focus to drive long-term sustainable growth, while returning capital through share repurchases to further enhance shareholder value."

"Our outlook for fiscal 2018 is unchanged. We expect growth at or above the overall market in software and services. We also expect to be profitable on a non-GAAP basis and to generate positive free cash flow for the full year, excluding the benefit of the Qualcomm arbitration award."

BlackBerry Reports Profitability in Fiscal 2018 First Quarter

Jun 23, 2017 WATERLOO, ONTARIO--(June 23, 2017) -

Q1 non-GAAP EPS of $0.02 vs. $0.00 a year ago; GAAP EPS of $1.23 vs. ($1.28) loss a year ago BlackBerry Limited (NASDAQ:BBRY)(TSX:BB), a global software leader in securing, connecting and mobilizing enterprises, today reported financial results for the three months ended May 31, 2017 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Q1 Highlights

  • Q1 non-GAAP total revenue of $244 million; GAAP total revenue of $235 million
  • Q1 non-GAAP Company total software and services revenues of $169 million; GAAP Company total software and services revenues of $160 million
  • Q1 non-GAAP gross margin of 67%; GAAP gross margin of 64%
  • Total cash balance increased to $2.6 billion at the end of the fiscal first quarter
  • Awarded $940 million from the positive outcome of the Qualcomm arbitration
  • Launched AtHoc ACCOUNT, a new FedRAMP-authorized solution that enables government agencies and large organizations to account for personnel in real time; BlackBerry AtHoc is the only platform to achieve FedRAMP authorization for crisis communications
  • TCL initiated shipments of the BlackBerry KEYone, as part of the Company's licensing program
  • BB Merah Putih initiated shipments of the BlackBerry Aurora, as part of the Company's licensing program
  • Launched BlackBerry SHIELD, an assessment tool for cybersecurity risk management; partnered with Allied World to make the tool available to its cyber insurance policyholders
  • After the quarter, launched QNX Hypervisor 2.0, which enables the partitioning and isolation of safety critical environments in connected cars
  • After the quarter, announced that Qualcomm is adopting QNX Hypervisor 2.0 in support of its digital cockpit solutions
  • After the quarter, BlackBerry named a "Leader" in the Gartner Magic Quadrant for Enterprise Mobility Management Suites
  • After the quarter, announced the general availability of BBM Enterprise SDK to address the Communications Platform as a Service (CPaaS) market; more than 60 ISVs are using the tool to develop mobile apps for iOS and Android

Q1 Results

Non-GAAP revenue for the first quarter of fiscal 2018 was $244 million with GAAP revenue of $235 million. Approximately 79% of first quarter software and services revenue (excluding IP licensing and professional services) was recurring. BlackBerry had over 3,000 enterprise customer orders in the quarter.

Non-GAAP operating income was $14 million, and non-GAAP earnings per share was $0.02. GAAP operating income was $536 million. GAAP net income for the quarter was $671 million, or $1.23 per fully diluted share. GAAP net income includes $25 million in amortization of acquired intangibles, $17 million in restructuring charges, $218 million of fair value adjustment related to the debentures, $815 million in expense recovery and $139 million in investment income related to the positive outcome of the Qualcomm arbitration, and other amounts as summarized in a table below.

Total cash, cash equivalents, short-term and long-term investments increased by $855 million to approximately $2.6 billion as of May 31, 2017. This reflects free cash flow of $860 million, which includes cash flow from operations of $863 million. Excluding $605 million in the face value of the Company's debt, the net cash balance at the end of the quarter was approximately $1.9 billion. There were no purchase orders with contract manufacturers at the end of the first quarter, or at the end of the fourth quarter of fiscal 2017, down from $150 million a year ago.

"In Q1, we made great progress strengthening our strategic position in emerging growth markets, most notably in cybersecurity and the Enterprise of Things," said John Chen, Executive Chairman and CEO, BlackBerry. "We secured key design wins in high growth segments of automotive technology, including advanced driver assist, digital instrument cluster and our hypervisor solution. Our ecosystem is growing with Qualcomm and NVIDIA adopting BlackBerry technology for their automotive platforms. Furthermore, we have been recognized once again as a leader in Gartner's Magic Quadrant on the strength of our BlackBerry Secure platform."

"Our financial foundation is solid," continued Chen. "We reported non-GAAP profitability for the third consecutive quarter, and our balance sheet continues to strengthen. More importantly, we are better positioned to invest in our strategic areas of focus to drive long-term sustainable growth, while returning capital through share repurchases to further enhance shareholder value."

"Our outlook for fiscal 2018 is unchanged. We expect growth at or above the overall market in software and services. We also expect to be profitable on a non-GAAP basis and to generate positive free cash flow for the full year, excluding the benefit of the Qualcomm arbitration award."

Conference Call and Webcast

A conference call and live webcast will be held beginning at 8 a.m. ET, which can be accessed by dialing 1-844-309-0607 or by logging on at http://ca.blackberry.com/company/investors/events.html. A replay of the conference call will also be available at approximately 11 a.m. ET by dialing 1-855-859-2056 or 1-404-537-3406 and entering Conference ID #23915085 or by clicking the link above.

About BlackBerry

BlackBerry is a mobile-native security software and services company dedicated to securing people, devices, processes and systems for today's enterprise. Based in Waterloo, Ontario, the Company was founded in 1984 and operates in North America, Europe, Asia, Middle East, Latin America and Africa. The Company trades under the ticker symbols "BB" on the Toronto Stock Exchange and "BBRY" on the NASDAQ. For more information, visit www.BlackBerry.com.

BlackBerry Hub now supports BBM Enterprise, Facebook lite, Messenger lite, Signal, TextNow and QQ accounts!

These updates have now reached public release and have now started rolling out through Google Play.

The latest beta for BlackBerry Hub has started rolling out through Google Play and this release is pretty huge for integrations being added. This time around, BBM Enterprise, Facebook Lite, Messenger Lite, QQ, Signal, and TextNow accounts have been added in addition to a few other notable improvements.

Watch the replay of the BlackBerry Annual General Shareholders Meeting 2017

If you missed out on tuning into BlackBerry's AGM held in Waterloo on June 21st, you can now watch the video replay. It was all pretty standard as CEO John Chen shared milestones in the company's journey so far, how they delivered on the Fiscal Year 2017 promises and how they are now focused on securing, connecting, and mobilizing the Enterprise of Things as a leading business software provider.

SEGA Forever brings Sonic the Hedgehog, Altered Beast, and more to mobile for free!

Are you not really into any of the new games out there? Longing for some retro games on your smartphone? If so, SEGA Networks Inc. has just what you're looking for. The first batch of the SEGA Forever collection has now been announced and made available for both Android and iOS.

BlackBerry announces election results for the company's Board of Directors

Ahead of BlackBerry announcing their Q1 Fiscal 2018 results on Friday, June 23, 2017, the company has now announced the election results for the company's Board of Directors during their annual, and special meeting of shareholders held on June 21, 2017.

BlackBerry KEYone now available in Slovakia, Czech Republic, Hungary and Romania!

As the BlackBerry KEYone rollout continues, those looking to pick one up in Slovakia, Czech Republic, Hungary or Romania can now do so. Multiple retailers across those areas have now made the BlackBerry KEYone available online and in-store where applicable.

BlackBerry brings new productivity and security enhancements to their Enterprise of Things platform

As part of their BlackBerry Secure offerings, BlackBerry has now rolled out multiple productivity and security enhancements to their enterprise software platform designed around powering the Enterprise of Things.

Billaway and BBM Messenger team up to launch BBM Rewards in Canada

Expanding on their already existing relationship, Billaway and BBM Messenger have now announced they're once again teaming up. This time around, it's to launch BBM Rewards for consumers across Android and iOS platforms in Canada.

WhatsApp for BlackBerry 10 support officially extended until the end of 2017

On Friday, WhatsApp fan blog Whatsappen began reporting that support for WhatsApp for BlackBerry 10 (and BlackBerry OS7+) would be extended until the end of 2017, but with no official report or update coming out stating so, it made the news a tad bit sketchy. However, now a new update rolling out of WhatsAppp for BlackBerry 10 does confirm the news officially as the change log notes 'changed client end-of-life date to December 31, 2017'.

No doubt, this update will make those remaining on BlackBerry 10, BlackBerry OS7+ and using WhatsApp happy. Additionally, S40 users have also been given more time and have had their end date extended as well. In any case, it's great to see WhatsApp decide to keep the BlackBerry 10 version going and if you're a BlackBerry 10 WhatsApp user, be sure to get the latest version downloaded so that it doesn't stop working come June 30th.

Download WhatsApp from BlackBerry World

Consumer BBM for Android, iOS and Windows moving from data centers in Canada to Google Cloud Platform in Asia

At the end of 2016, there were several reports that BlackBerry had plans to move BBM servers to Indonesia. At the time, the rumors were shot down by BlackBerry COO Marty Beard, but there may have been a slight bit of truth to rumors as it has now been announced that Creative Media Works, operating as BBM Messenger, has selected Pythian to Android, iOS and Windows consumer BBM from BlackBerry on-premise data centers in Canada to Google Cloud Platform in Asia.

We need a partner who shares our urgency, and can accommodate our needs as our business evolves in both North America and Asia. Pythian's remote work model allows us to scale up as required on short notice and even around the clock, providing the flexibility that we need, said Matthew Talbot, CEO of Creative Media Works, the company that operates and runs BBM globally.

According to the press release, the move comes to 'accommodate a significant increase in media consumption by its global users, and to improve performance across key markets', which makes sense as the platform has been expanding to a number of categories beyond its original messaging application functionality. Plus, having data centers in Canada sending data to Asia is a hindrance to performance.

In order to accommodate a significant increase in media consumption by its global users, and to improve performance across key markets, BBM recognized that migrating its databases to the cloud was a business imperative. The company chose Google Cloud Platform as their cloud platform and enlisted Google to help them find a services provider that had experience with both on-premise data centers and Google Cloud Platform to migrate their complex IT infrastructure to the cloud as quickly as possible.

Still, what Beard noted back in December remains true. The move to the to Google Cloud Platform in Asia is only for Android, iOS, and Windows consumer BBM accounts. BlackBerry 10 versions of BBM, as well as BBM Enterprise, are not going to be part of the data migration.

BBM MESSENGER SELECTS PYTHIAN FOR MAJOR GOOGLE CLOUD PLATFORM MIGRATION

Ottawa, ON – June 15, 2017 – Pythian, a global IT services company that helps businesses adopt technologies to better compete, announced today that Creative Media Works, operating as BBM Messenger, has selected Pythian to help them move their mission-critical IT infrastructure for Android, iOS and Windows consumer BBM from BlackBerry on-premise data centers in Canada to Google Cloud Platform (GCP) in Asia.

BBM is one of the largest mobile messaging applications in the world. Since it was created in August 2005, BBM has evolved from a pure messaging application (text and video) to a social ecosystem unifying chat, social, commerce and services including bill payment, top-up, vouchers/coupons, games, video, comics, shopping, travel, career and polls.

In order to accommodate a significant increase in media consumption by its global users, and to improve performance across key markets, BBM recognized that migrating its databases to the cloud was a business imperative. The company chose Google Cloud Platform as their cloud platform and enlisted Google to help them find a services provider that had experience with both on-premise data centers and Google Cloud Platform to migrate their complex IT infrastructure to the cloud as quickly as possible.

BBM also aligned with Pythian's delivery model. "We need a partner who shares our urgency, and can accommodate our needs as our business evolves in both North America and Asia. Pythian's remote work model allows us to scale up as required on short notice and even around the clock, providing the flexibility that we need," said Matthew Talbot, CEO of Creative Media Works, the company that operates and runs BBM globally.

Pythian puts its full stack experience to work to go beyond traditional "lift-and-shift", architecting a cloud solution that will be automated and take full advantage of the agility and scalability of GCP's cloud services.

About BBM

On 27 June 2016, Creative Media Works, a division of PT Elang Mahkota Teknologi Tbk. (Emtek, IDX:EMTK) – one of Indonesia's largest media, content and technology businesses – announced a long term strategic alliance with BlackBerry Limited to accelerate consumer BBM's research and development in offering new and exciting features, services and content to the global consumer market. As part of this strategy, BBM is making its APIs available to expedite the growth of partners and consumer services such as:

  • Content – music and video streaming, games, sports, news, celebrity blogs, horoscopes and more
  • Commerce – shopping, gifting and coupons/vouchers
  • Online to Offline Commerce – booking movies, travel, health services, real-estate or job postings
  • Finance – P2P payments, money transfer, mobile phone re-charge, and utilities billing

Creative Media Works now operates under the BBM banner as a stand-alone consumer focused business with teams operating from Waterloo, Mississauga, Ottawa, Singapore, Jakarta, UAE and South Africa. For more information, visit www.bbm.com

Via: VentureBeat Source: Pythian

Thanks, Jaime!

BlackBerry KEYone sales go live in the Netherlands!

BlackBerry KEYone sales go live in the Netherlands!

The BlackBerry KEYone continues to roll out across Europe and if you're among those who live in the Netherlands waiting, your time has come. Multiple retailers in the Netherlands have now put KEYone sales live and are ready to ship them at a wide array of price ranges starting at €0.00.

BlackBerry will webcast their annual and special meeting on June 21, 2017

Ahead of BlackBerry announcing their Q1 Fiscal 2018 results on Friday, June 23, 2017, the company has now announced the will also be webcasting their annual and special meeting on June 21, 2017.

CDMA unlocked BlackBerry KEYone for Verizon now available from Best Buy!

Looking to get your hands on the CDMA unlocked version of the BlackBerry KEYone for Verizon? If so, you'll want to fire up your web browser and head on over the Best Buy site where the device is now showing as available and ready for shipment and in-store pickup.

BlackBerry and VoxSmart have partnered to help financial services firms achieve MiFID II compliance

BlackBerry and VoxSmart have now announced the companies have partnered to help financial services firms comply on time with the European Union's Markets in Financial Instruments Directive, better known as MiFID II.

MiFID II, which comes into effect on January 3, 2018, demands that all financial services firms in Europe must keep records of all services, activities and transactions for at least five years. Records include all electronic and instant messaging communications, telephone conversations and text messages related to or intended to conclude in a transaction, even if one does not occur. The directive seeks to make financial markets in Europe more resilient, transparent and investor-friendly.

TELUS consumer account holders can now order the BlackBerry KEYone online!

Although TELUS has been offering the BlackBerry KEYone to business customers from the day it was available in Canada, the demand from consumer account holders for the device caused the Canadian carrier to change course and make it available for everyone. Previously, consumer account holders looking to get their hands on the BlackBerry KEYone had to call into TELUS customer care to have their order processed but now, you can place an order directly on the TELUS site.

Pricing for the KEYone on TELUS:

  • $0 - Starting at $85 per month on a 2-year plan
  • $200 - Starting at $75 per month on a 2-year plan
  • $700 - No term pricing

With all that in mind, the TELUS site is currently showing a 3-5 day shipping timeframe on the BlackBerry KEYone, so if you've been waiting to place your order without having to call into customer service, now is the time to do so. Let us know in the comments if you're snagging one!

See the BlackBerry KEYone at TELUS

BlackBerry named a leader again in 2017 Gartner Magic Quadrant for EMM Suites

Gartner, Inc. has named BlackBerry as a Leader in its Magic Quadrant for Enterprise Mobility Management Suites for the second straight year. Notably, this is also the fourth straight year that BlackBerry has moved higher in ability to execute and further in completeness of vision in the Magic Quadrant for Enterprise Mobility Management Suites.

BlackBerry to announce Q1 Fiscal 2018 results on Friday, June 23, 2017

Keeping in line with the date laid out on their Investor events calendar, BlackBerry has announced they will be reporting results Q1 2018 results on June 23rd.

BlackBerry KEYone once again available to order from Selfridges!

If you missed out on the initial run of stock availability at Selfridges of the BlackBerry KEYone, you'll be pleased to know the retailer has once again listed the latest Android-powered BlackBerry Smartphone as being available.

Through the Selfridges website, you can pick up the BlackBerry KEYone for £499.00 with local shipping starting at only £5.00 and going up from there, unless you have Selfridges+, which offers unlimited deliveries.

Order the BlackBerry KEYone from Selfridges

Pages