Canada’s BlackBerry mould analysts’ profit estimates for its fourth quarter, and said it expects fervid billings at its high-margin software and services business for the full year, sending its U.S.-listed portions up 5 percent.
The company, which reinvented itself after customers ditched its smartphones for Apple’s iPhones and Android slogans, said revenue from its enterprise software and services business incline about 19 percent to $108 million.
“Our strategy is working,” Chief Managerial John Chen said during a morning conference call.
BlackBerry, which had near 3,500 enterprise customer orders in the quarter, expects total house software and services billings growth to be in “double-digits” in 2019.
The company extended CEO Chen’s agree earlier this month, and followed that up with two big deals in software guaranty—one with Jaguar Land Rover and the other with Microsoft.
The profit worst was helped by higher margins on software and services sales.
BlackBerry’s whole margins rose to 76 percent of the revenue, from 60.1 percent a year at the cracker.
Excluding one-time items, the Waterloo, Ontario-based company earned 5 cents per appropriate. Analysts on average had expected the company to break even, according to Thomson Reuters I/B/E/S.
Net injury narrowed to $10 million, or 6 cents per share, in the fourth quarter ended Feb. 28, from $47 million, or 10 cents per allotment, a year earlier.
The company’s revenue fell 18.5 percent to $233 million.