BlackBerry reports profitability in Fiscal 2018 First Quarter

BlackBerry has now announced their Q1 fiscal 2018 results. Non-GAAP revenue for the first quarter of fiscal 2018 was $244 million with GAAP revenue of $235 million.

BlackBerry has now announced their Q1 fiscal 2018 results. Non-GAAP revenue for the first quarter of fiscal 2018 was $244 million with GAAP revenue of $235 million. Approximately 79% of first quarter software and services revenue (excluding IP licensing and professional services) was recurring. BlackBerry had over 3,000 enterprise customer orders in the quarter.

"In Q1, we made great progress strengthening our strategic position in emerging growth markets, most notably in cybersecurity and the Enterprise of Things," said John Chen, Executive Chairman and CEO, BlackBerry. "We secured key design wins in high growth segments of automotive technology, including advanced driver assist, digital instrument cluster and our hypervisor solution. Our ecosystem is growing with Qualcomm and NVIDIA adopting BlackBerry technology for their automotive platforms. Furthermore, we have been recognized once again as a leader in Gartner's Magic Quadrant on the strength of our BlackBerry Secure platform."

Q1 Highlights

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