|BlackBerry +7.6% after Q3 beats, record software revenue|
Dec. 20, 2017 7:35 AM ET|About: BlackBerry Ltd. (BB)|By: Brandy Betz, SA News Editor
BlackBerry (NYSE: BB) shares are up 7.6% premarket after Q3 results that beat EPS and revenue estimates.
FY18 guidance was reaffirmed with revenue from $920M to $950M (consensus: $927.19M) and a positive EPS (consensus: $0.06). Non-GAAP software and services revenue growth expected between 10% and 15% and FCF expected to be positive.
Key metrics: Software and services revenue, $199M (new record); recurring software and services revenue, 75%; non-GAAP gross margin, 77%; adjusted EBITDA, $35M; operating income, $16M; cash and equivalents, $2.5B.
Customers: Approximately 3K enterprise customer orders in Q3. Customer wins included NATO, Deutsche Bank, and the U.S. Department of Defense.