Enterprise software and IoT giant BlackBerry (BB) continued its bad run for the fourth quarter, with revenue plunging 18.5% to $233 million, driven by a decline in handheld devices sales, which nosedived to $2 million from $55 million a year ago. As a percent of overall revenue, handheld devices revenue dropped to 0.9% from 19.2%. The reported net loss for the quarter, however, narrowed to $10 million, or $0.06 per share, from the year ago loss of $47 million, or $0.10 per share. The narrowed loss was helped by the double-digit growth in software and service billings. On an adjusted basis, earnings stood at $0.05 per share, up 25% year-over-year.
The once-dominant smartphone giant announced new partnerships with Pana-Pacific to make BlackBerry Radar available to more than 2,800 commercial vehicle dealers in North America. Additionally, the company also entered into a multi-year agreement with Jaguar Land Rover to develop and license BlackBerry QNX and Certicom technology for their next-generation vehicles.
For the fiscal year 2019, the company expects software and services billings growth to be in double-digits, while adjusted EPS is expected to be positive.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard