BlackBerry sells nearly 2.4 million smartphones to end customers in Q2

BlackBerry on Friday said it sold approximately 2.4 million smartphones to end customers, which included shipments made prior to the second quarter of fiscal 2015.

The Waterloo, Ontario-based company recognized hardware revenue on approximately 2.1 million BlackBerry smartphones.

BlackBerry said its revenue for the second quarter of fiscal 2015 was $916 million. Nearly 46 percent second quarter revenue came from hardware, 46 percent from services and 8 percent from software and other revenue.

Net loss for the second quarter was $207 million.

BlackBerry revenue in recent quarters

The EZ Pass Program has resulted in a total of 3.4 million licenses issued for BES10, a nearly three-fold increase from last quarter, with 25 percent of total licenses traded in from competitors’ Mobile Device Management platforms.

BlackBerry said it has 91 million monthly active BBM users in the second quarter, up from 85 million in the prior quarter.

“We are confident that we will achieve breakeven cash flow by the end of FY15,” said John Chen, executive chairman and CEO, BlackBerry.

“Our workforce restructuring is complete, and we are focusing on revenue growth with judicious investments to further our leadership position in enterprise mobility and security, driving us towards non-GAAP profitability during FY16,” Chen added.

Outlook

The company continues to anticipate maintaining its strong cash position, while increasingly looking for opportunities to prudently invest in growth. The Company continues to target break-even cash flow results by the end of fiscal 2015.

editor@gizmolead.com

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