BlackBerry looks for investments as Q2 losses narrow

Friday 26 September 2014 | 16:48 CET | News
BlackBerry has finished its workforce restructuring and will now focus on revenue growth, boosted by prudent investments, to further its leadership position in enterprise mobility and security. CEO John Chen expects the company will achieve breakeven cash flow by the end of its fiscal full year and non-GAAP profitability during fiscal full year 2016. The company said revenues for its fiscal second quarter to end August fell to USD 916 million from 1.57 billion the year before. Hardware contributed 46 percent to revenues, services accounted for another 46 percent and software for 8 percent.

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Categories: Mobile & Wireless
Companies: BlackBerry
Countries: World
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