Al fin tenemos nuevos números financieros de la canadiense BlackBerry y vamos a ver cómo le fue a la empresa en el último cuarto del año fiscal y un resumen en general.
BlackBerry confirmó que para el período, la canadiense generó $464 millones en ingresos, un 30% desde el año pasado y muy por debajo de los $563 millones esperados por Wall Street. Los ingresos por software y servicios si aumentó un 106% a $ 153 millones, que es prácticamente la meta de John Chen, que la empresa mejore sus métricas del área de Software. Para el año fiscal en general, software y servicios se fue en $527 millones y la empresa logro amortiguar pérdidas operacionales no-GAAP de 3 centavos por acción.
La pérdida neta de fondo para el período fue de $238 millones. BlackBerry cuenta todavía con $2.62 billones en efectivo sin deudas e inversiones en los libros al final del período de tres meses.
Lamentablemente las métricas de hardware no son las más alentadoras con solamente 600,000 en el Q4 nada más y si, esto números incluyen ventas del BlackBerry Priv, lo cual la empresa no ha logrado circular más equipos BlackBerry 10 y están centrándose en el BlackBerry Priv.
Las cosas confirmadas en la conferencia de inversionistas incluyen lo siguiente:
- La gerencia está satisfecha con el desempeño del área de Software.
- La empresa logró 10,000 nuevos clientes corporativos.
- Equipos evidentemente se vendieron a cantidades por debajo de lo esperado.
- Problemas de distribución no ayudaron a las métricas de hardware.
- BlackBerry Priv está disponible en 34 países.
- Las ventas del Priv en Verizon Wireless no se están contando.
- BlackBerry Priv contará con Android 6.x Marshmallow entre finales de Abril, inicios de Mayo.
- BlackBerry 10.3.3 estará llegando a finales de Junio (atraso en otras palabras).
- Habrá una nueva actualización a BlackBerry 10.3.4 para este año nuevo fiscal.
- QNX está activado en más de 60 millones de carros.
- BlackBerry mantiene todo lo anunciado sobre ofertas IoT en CES 2015 y notan el lanzamiento de BlackBerry Radar ayer (sistema de localización para vehículos pesados).
- BlackBerry siente confianza que lograran hacer que el hardware sea rentable de nuevo con nueva estrategia.
En lo personal, no le tengo muchas esperanzas al lado de hardware, si es que John Chen lo considera una carga en vez de un avance para la empresa, es muy seguro que sería descartado en favor de continuar el masivo apoyo que el CEO le ha dado a los esfuerzos con software, IoT y QNX que definitivamente han rebasado el mundo de Smartphones como éxitos en la compañía.
No esperen realmente que las ventas del Priv a través de Verizon mejoren la cosa, puesto a que el equipo no es uno de los más codiciados de la fecha y técnicamente su fuerte lo fue las pasadas fiestas navideñas y el año nuevo.
Mientras, como verán a continuación, John Chen ya comenzó el media tour que estamos acostumbrados a ver de parte de BlackBerry refiriéndose a los resultados de la empresa.
[toggle title=”Reporte Financiero de BlackBerry” state=”close”]
BlackBerry Reports Software and Services Growth of 106 Percent for Q4 and 113 Percent for Fiscal 2016
Company Reports Positive Free Cash Flow for Eighth Consecutive Quarter and Positive EBITDA for Ninth Consecutive Quarter
WATERLOO, ONTARIO–(Marketwired – April 1, 2016) – BlackBerry Limited (NASDAQ:BBRY)(TSX:BB), a global leader in mobile communications, today reported financial results for the three months and fiscal year ended February 29, 2016 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
Q4 Highlights
- Non-GAAP total revenue of $487 million
- Non-GAAP software and services revenue of $153 million, up 106% percent for the same quarter year over year, allowing software and services revenue to grow to $527 million in FY 2016
- Adjusted EBITDA of $78 million
- Cash and investments balance of $2.62 billion at the end of the fiscal quarter
- Non-GAAP loss of $(0.03) per share
- Unveiled a new QNX software platform to enable automotive companies to build a full range of secured automated driving systems and in-car acoustics
- Showcased at CES, the Internet of Things (IoT) over-the-air software platform as well as BlackBerry Radar, the IoT asset tracking device and software interface
- Launched five secure enterprise mobility management suites, combined complementary BlackBerry and Good capabilities, to provide a holistic management, messaging, collaboration, application enablement and content management platform
- Launched a cybersecurity consulting service to help customers assess and mitigate risks; recently acquired Encription Limited to accelerate these efforts, especially for the connected car and IoT industries
Q4 Results
Non-GAAP revenue for the fourth quarter of fiscal 2016 was $487 million with GAAP revenue of $464 million. GAAP revenue reflects a purchase accounting write down of deferred revenue associated with recent acquisitions. The non-GAAP revenue breakdown for the quarter was approximately 32% for software and services, 29% for service access fees (SAF), and 39% for hardware and other revenue. BlackBerry had over 3,600 enterprise customer wins in the quarter. Approximately 70% of fourth quarter software revenue was recurring.
Non-GAAP net loss for the fourth quarter was $(18) million, or $(0.03) per share. GAAP net loss for the quarter was $(238) million, or $(0.45) per basic share. Basic GAAP net loss reflects a purchase accounting impact of $23 million on GAAP revenue, a non-cash credit associated with the change in the fair value of the debentures of $40 million (the “Q4 Fiscal 2016 Debentures Fair Value Adjustment”), pre-tax charges of $192 million related to restructuring and acquisition costs, stock compensation of $17 million, and amortization of acquired intangibles of $28 million. The impact of these adjustments on GAAP net income and earnings per share is summarized in a table below.
Total cash, cash equivalents, short-term and long-term investments was $2.62 billion as of February 29, 2016. This reflects $6 million of positive free cash flow and $36 million used to repurchase 5 million shares. Excluding $1.25 billion in the face value of our debt, the net cash balance at the end of the quarter was $1.37 billion. Purchase orders with contract manufacturers totaled approximately $162 million at the end of the fourth quarter, compared to $298 million at the end of the third quarter and down from $394 million in the year ago quarter. Operating cash flow was $9 million.
“Overall, BlackBerry’s Q4 performance was solid as we made progress on the key elements of our strategy, which are to grow software faster than the mobility software market, achieve device profitability and generate positive free cash flow,” said Executive Chairman and Chief Executive Officer John Chen.
“We have clearly gained traction and market share in enterprise software. We more than doubled our software and licensing revenue in Q4 and exceeded our target of $500 million for the full year. Looking to FY 2017, our strategy is on track and our growth engines are in place to continue to generate above market growth in software and achieve our profitability objectives,” said Chen.
Outlook
The company expects to grow software and services at around 30 percent. The Company continues to anticipate positive free cash flow and adjusted EBITDA for the full 2017 fiscal year.
Conference Call and Webcast
A conference call and live webcast will be held beginning at 8 am ET, which can be accessed by dialing 1-866-438-1903 or by logging on at http://ca.blackberry.com/company/investors/events.html. A replay of the conference call will also be available at approximately 11 am ET by dialing 1-855-859-2056 or 1-404-537-3406 and entering Conference ID # 47747014 or by clicking the link above.
About BlackBerry
BlackBerry is securing a connected world, delivering innovative solutions across the entire mobile ecosystem and beyond. We secure the world’s most sensitive data across all end points – from cars to smartphones – making the mobile-first enterprise vision a reality. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Middle East and Africa, Asia Pacific and Latin America. The Company trades under the ticker symbols “BB” on the Toronto Stock Exchange and “BBRY” on the NASDAQ. For more information, visit www.BlackBerry.com.
[/toggle]
