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BlackBerry Confirms Its Promises To Launch An Android Phone Later This Year, That The Name Will Probably Be Priv

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  • BlackBerry has further outlined its vision for your Priv on its blog, along with offering a emblem (pictured above). The bottom line is, BlackBerry sees now as a lot of fun to

    A rumored BlackBerry device remains making its way online for extended enough because it hardly qualifies just like a rumor. Since June, we view leaked marketing pics and vids. We view photos from this inside the wild. We view hands-on footage. Then yesterday we heard that it’s name might be and never the Venice, as previous expected, but Priv.

    At retail, Venice transforms to the…

    BlackBerry Priv

    – Evan Blass (@evleaks) September 23, 2015

    Today, BlackBerry offered confirmation. While reporting financial most current listings for 2016’s second quarter (the three several days ending August 29th 2015), Ceo John Chen confirmed promises to launch Priv. The name was apparently born within the company’s focus on privacy.

    “Concurrently, we are dedicated to making faster progress to achieve profitability inside our handset business. Today, I am confirming our promises to launch Priv, an Android device named after BlackBerry’s heritage and core mission of protecting our customers’ privacy. Priv combines good BlackBerry security and productivity while using expansive mobile application ecosystem around the Android platform.”

    -BlackBerry Ceo John Chen

    Update 1: 2015/09/25 8:18am PDT

    BlackBerry has further outlined its vision for your Priv on its blog, along with offering a emblem (pictured above). The bottom line is, BlackBerry sees now as a lot of fun to make a telephone that emphasizes privacy and security.

    How come necessary that we include Android? Launching an Android product is a substantial new market chance after we continue our focus on developing a mix-platform strategy. It’s an incredible proposition for dedicated Android users that require greater productivity and efficient privacy features. And we are evolving our personal platform, redefining the expectations of mobility in the present ages of risk and cybercrime to make sure that we could serve customers better yet.

    Finish of Update

    BlackBerry is pitching the system in order to offer “finest in class security” for enterprise customers. It intends to really make the device available later this year in primary markets in-stores an online-based.

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BlackBerry ongoing to incorporate this release does not mark the conclusion that belongs to them mobile operating-system. It offers to provide platform updates for BlackBerry 10, with version 10.3.3 scheduled hitting in March of next season.

News Release

BlackBerry Reports Fiscal 2016 Second Quarter Results

Q2 results show ongoing progress in key financial metrics including software growth, EBITDA and free earnings

WATERLOO, ONTARIO–(Marketwired – Sept. 25, 2015) – BlackBerry Limited (NASDAQ:BBRY)(TSX:BB), an international leader in mobile communications, today reported financial most current listings for the three several days ended August 29, 2015 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Q2 Highlights

Non-GAAP software and services revenue of $74 million, a 19% increase over Q2 FY15 driven by 33% rise in software licensing revenue

Positive free earnings of $100 million inside the quarter

Cash and investments balance of $3.35 billion within the finish in the fiscal quarter, an increase of $37 million over Q1 FY16 after using $47 million on share repurchases

  • Non-GAAP insufficient ($.13) per share, fundamental GAAP earnings of $.10 per share
  • Non-GAAP operating insufficient ($84) million, with GAAP operating earnings of $33 million
  • Non-GAAP gross margin of 40.9% and GAAP gross margin of 37.8%
Adjusted EBITDA of $68 million

Following a close in the quarter, BlackBerry closed purchasing AtHoc and announced an agreement to obtain Good Technology

Today, the business also confirmed promises to launch a flagship handheld device that will work on the Android operating-system with BlackBerry security

Q2 Results

Non-GAAP revenue for your second quarter of fiscal 2016 was $491 million with GAAP revenue of $490 million. GAAP revenue reflects a purchase accounting write lower of deferred revenue connected using purchasing WatchDox. The revenue breakdown for your quarter was roughly 15% for software and services, 41% for hardware, and 43% for service access charges (SAF). BlackBerry had 2,400 enterprise customer wins inside the quarter. Roughly 60% in the licenses connected with such deals are mix-platform. Through the second quarter, the business recognized hardware revenue on over 800,000 BlackBerry smartphones by getting an ASP of roughly $240.

Non-GAAP loss for your second quarter was ($66) million, or ($.13) per share. GAAP fundamental internet earnings for your quarter was $51 million, or $.10 per fundamental share. Fundamental GAAP internet earnings includes these purchase accounting impact on GAAP revenue, a non-cash credit connected while using alteration of the fair price of the debentures of $228 million (the “Q2 Fiscal 2016 Debentures Fair Value Adjustment”), pre-tax charges of $85 million connected with restructuring, stock compensation of $14 million, and amortization of acquired intangibles of $11 million. The end result of individuals adjustments on GAAP internet earnings and earnings per share is summarized in the table below.

Total cash, cash equivalents, short-term and extended-term investments was $3.35 billion by August 29, 2015. The cash balance elevated $37 million inside the second quarter. The business repurchased 6 000 0000 shares through the quarter for as much as $47 million. Excluding $1.25 billion hard price of our debt, the web cash balance within the finish in the quarter was $2.1 billion. Purchase orders with contract manufacturers totaled roughly $248 million within the finish in the second quarter, in comparison with $238 million within the finish in the first quarter minimizing from $344 million around ago quarter. Excluding the end result of forex rates, operating earnings was $110 million with free earnings (operating earnings minus capital expenses) of $100 million.

“I am tolerant of our strategy and continuing progress, highlighted by our fourth consecutive quarter of the season-over-year double digit rise in software licensing revenue and sixth consecutive quarter of positive free earnings,Inch mentioned Executive Chairman and Chief executive officer John Chen. “So that you can expand our leadership in mix-platform software and services, we are investing strategically – organically through new products and services using the BES platform, and through acquisitions like AtHoc and Good.”

“Concurrently, we are dedicated to making faster progress to achieve profitability inside our handset business. Today, I am confirming our promises to launch Priv, an Android device named after BlackBerry’s heritage and core mission of protecting our customers’ privacy. Priv combines good BlackBerry security and productivity while using expansive mobile application ecosystem around the Android platform,” ongoing Mr. Chen.

“Readily available initiatives, we anticipate modest consecutive revenue rise in all the remaining quarters of fiscal 2016.”

Expanding Leadership in Mobile Mix-Platform Software and Services

Acquisitions of fine Technology and AtHoc

On September 4, BlackBerry announced it’d became a member of in to a definitive agreement to obtain Good Technology for $425 million in cash. The acquisition is aligned with BlackBerry’s method to offer customers most likely probably the most complete, finish-to-finish solution that safeguards the entire mobile enterprise, across all platforms. The acquisition will further develop BlackBerry’s strong leadership in Enterprise Mobility Management (EMM) value-added services. Good brings complementary abilities and technologies to BlackBerry, including secure application management and containerization that protects finish user privacy – with almost all its activations from iOS devices. This experience along with BlackBerry’s strength in BlackBerry 10 and Android management provides you with customers with elevated choice for securely deploying any leading operating-system inside their organization.

The transaction is predicted to seal toward the conclusion in the company’s 2016 fiscal third quarter which is prone to customary closing conditions, including regulatory approvals.

On September 22, BlackBerry closed its acquisition of AtHoc, a respected provider of secure, networked crisis communications for $250 million in cash. AtHoc’s platform alerts any device – including iOS, Android, PC and Mac desktops, digital displays, radios, IP phones, and endpoints for instance sirens, fire panels and loudspeakers – helping organizations and people allowing you to connect and share information in occasions of crisis. The acquisition is well aligned with BlackBerry’s strength in government and public sector, and AtHoc will finish up an extremely important component in the company’s Internet of merchandise (IoT) platform. The important thing provider for the U.S. Departments of Defense (DoD) and Homeland Security, AtHoc may also support public and private enterprises around the world, including healthcare providers and plants. The AtHoc platform will integrate with BBM and BlackBerry’s enterprise portfolio and reliable global network to supply customers new abilities for safety, security and mission-critical business communication.

Handheld Device Roadmap

Today, BlackBerry is announcing two new addendums to its handheld device roadmap.

First, the business will launch a flagship slider device, Priv, which will work on the Android operating-system, getting together good BlackBerry security and productivity while using expansive mobile application ecosystem around the Android platform. Along with BlackBerry’s efforts to assist Android for Concentrate on the BES12 platform, the completely new device will give you finest in class to guard enterprise customers. BlackBerry expects the system to become proven late inside the twelve several weeks in primary markets in-store an online-based, and may release further details inside the future. Because the new device provides you with a choice in OS to new and existing customers, the business remains focused on the BlackBerry 10 operating-system, which will help industry-leading security and productivity benefits.

Second, the business continuously develop and raise the BlackBerry 10 operating-system which is confirming promises to release platform updates dedicated to security and privacy enhancements, with version 10.3.3 scheduled to become proven in March 2016.

Outlook

The business anticipates modest consecutive rise in total revenue in all the remaining quarters of fiscal 2016.

The business is constantly anticipate positive free earnings. The business targets sustainable non-GAAP profitability inside the fiscal 2016 fourth quarter.

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