BlackBerry once against posted record software and services revenue in the fourth quarter, while sharply narrowing losses. Revenue at enterprise software and services jumped to USD 108 million from 91 million, BlackBerry Technology Solutions revenue lifted to USD 46 million from 35 million and Licensing, IP and other revenue went up slightly to USD 58 million from 56 million. These gains were unable however to offset losses at handheld devices, with revenue there sinking to USD 2 million from 55 million, or at SAF, where revenue declined to USD 19 million from 49 million. Revenues for the group slid to USD 233 million from 286 million the year before.
The operating loss narrowed to USD 17 million from a loss the year earlier of 57 million and a loss of 258 million in Q3, with earnings per share at USD 0.02 and USD 0.06 per diluted share, from 0.09 and 0.10. The adjusted operating profit rose to USD 19 million from 16 million in Q3, with adjusted EPS at USD 0.05, basic and diluted. The net loss also narrowed sharply, to USD 10 million from a loss of 47 million the year before, and a loss of 275 million in Q3.
Adjusted group revenues fell to USD 239 million from 297 million, while for the full year, they slipped lower to USD 967 million, within guidance, from 1.374 billion. The company had about 3,500 enterprise customer orders in the quarter. CEO John Chen noted the positive adjusted EPS and cash from operation for the full year.
For fiscal 2019, the company is guiding for double-digit software and services billings growth, positive adjusted EPS and positive free cash flow, minus the impact of restructuring and legal proceedings.
