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Technology Stocks : BB: BlackBerry (fka RIMM: Research in Motion)
BB 10.38+0.5%1:54 PM EDTNews

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To: Sultan who wrote (1232)12/20/2017 9:10:42 AM
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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.

Press release
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