BlackBerry beats by $0.01, reports revs in-line; reaffirms FY20 guidance
- Reports Q1 (May) earnings of $0.01 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of ($0.00); revenues rose 23.0% year/year to $267 mln vs the $264.55 mln S&P Capital IQ Consensus.
- "We are off to a good start to achieve our financial outlook for fiscal 2020," said John Chen, Executive Chairman and CEO, BlackBerry. "We are ahead of our schedule in our Cylance integration, while investing in the right opportunities to drive long-term growth and profitability for BlackBerry. Customers are looking forward to our robust product cycle this year, with over 30 new secure communication products and services to be released."
- Co reaffirms guidance for FY20, sees FY20 revs of $1.13-1.16 bln (+23-27%) vs. $1.14 bln S&P Capital IQ Consensus, reaffirms outlook for non-GAAP profitability.