BlackBerry shocks with Q4 profit but CEO Chen can’t stop sales slide
BlackBerry surprised Wall Street by getting its bottom line back into the black in the fourth quarter, but sales shrunk significantly again, putting in question CEO John Chen’s assertion that the company’s turnaround is on track.BlackBerry is trying to become less dependent on hardware, counting instead on software such as the BES12 enterprise mobile management platform, which can be used to manage not only the company’s devices but also iOS, Android and Windows Phone smartphones.During the quarter, which ended Feb. 28, software revenue grew 24 percent on a sequential basis and 20 percent year-on-year to US$67 million, the company said Friday morning before the U.S. financial markets opened.To read this article in full or to leave a comment, please click here