[BlackistheBerry]

Q2 Highlights:
Cash and investments balance of $3.1 billion at the end of the fiscal quarter, up $11 million from the prior quarter
Normalized cash use of $36 million in the quarter, compared to $255 million in the prior quarter
Non-GAAP gross margin of 47.5%, driven by positive non-GAAP hardware gross margin
Breakeven non-GAAP operating margin
The EZ Pass Program has resulted in a total of 3.4 million licenses issued for BES10, a nearly three-fold increase from last quarter, with 25% of total licenses traded in from competitors' Mobile Device Management platforms
91 million monthly active BBM users, up from 85 million in the prior quarter
Created the BlackBerry Technology Solutions unit, encompassing QNX (embedded software), Certicom (cryptography), Paratek (antenna tuning), the patent portfolio and the Internet of Things strategy
Announced an agreement to acquire Secusmart, a leader in high-security voice and text encryption, and recently announced the acquisition of Movirtu, a provider of virtual SIM solutions, after the end of the quarter
Q2 Results
Revenue for the second quarter of fiscal 2015 was $916 million. The revenue breakdown for the quarter was approximately 46% for hardware, 46% for services and 8% for software and other revenue. During the second quarter, the Company recognized hardware revenue on approximately 2.1 million BlackBerry smartphones. During the second quarter, approximately 2.4 million BlackBerry smartphones were sold through to end customers, which included shipments made and recognized prior to the second quarter and which reduced the Company's inventory in channel.
Non-GAAP loss for the second quarter was $11 million, or $0.02 per share. GAAP net loss for the second quarter was $207 million, or a $0.39 loss per share. The GAAP net loss includes a non-cash charge associated with the change in the fair value of the Debentures of $167 million (the "Q2 Fiscal 2015 Debentures Fair Value Adjustment") and pre-tax restructuring charges of $33 million related to the restructuring program. The impact of these adjustments on GAAP net loss and loss per share is summarized in a table below.
Total cash, cash equivalents, short-term and long-term investments was $3.1 billion as of August 30, 2014. The Company used $36 million in the second quarter, excluding net receipts of $47 million related to non-strategic operations during the quarter. Purchase obligations and other commitments amounted to approximately $1.6 billion as of August 30, 2014, with purchase orders with contract manufacturers representing approximately $344 million of the total.
"We delivered a solid quarter against our key operational metrics, and we are confident that we will achieve breakeven cash flow by the end of FY15," said John Chen, Executive Chairman and CEO, BlackBerry. "Our workforce restructuring is now complete, and we are focusing on revenue growth with judicious investments to further our leadership position in enterprise mobility and security, driving us towards non-GAAP profitability during FY16."
Outlook
The Company continues to anticipate maintaining its strong cash position, while increasingly looking for opportunities to prudently invest in growth. The Company continues to target break-even cash flow results by the end of fiscal 2015.



http://www.marketwired.com/press-rel...ry-1950989.htm

[bizzarothor]

So what is this debenture value adjustment? If it wasn't for it, we would have a positive eps, ain't it ?

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[bspence87]

Pretty significant beat. Surprised we're not seeing big pop!

[jake simmons3]

Pretty significant beat. Surprised we're not seeing big pop!

Or that 10 percent drop this week already

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[Komoto]

Almost cashflow neutral, looks great.

I want to know if that is the cash position after acquisitions or before. It looks like before.

As I thought despite higher hand set sales revs are down, partly due to Foxconn and partly due to low end phone sales.

BES figures look promising. Obviously they are subsidising these gains for the time being, but if they can sell through additional services this will come back up.

Great work Mr chen.

I think the shorts will be pointing out that revs are below. Doesn't matter at this point. Now it is retain market share and stop bleeding cash, while continuing to deliver on the planned products (which they have done).

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[Superfly_FR]

During the second quarter, the Company recognized hardware revenue on approximately 2.1 million BlackBerry smartphones. During the second quarter, approximately 2.4 million BlackBerry smartphones were sold through to end customers

So we're in the 10million/year pace. Let's see how Passport and Classic can help next Q.

[smart548]

Almost 2.5 millions devices: JC prediction of 10 millions devices per year almost achieved ;-) Good guy John!

[early2bed]

Someone iMessage Chris Umi to see what he thinks about it.

[smart548]

So we're in the 10million/year pace. Let's see how Passport and Classic can help next Q.

What an honor to point that too :-P

[Superfly_FR]

BGR, I love you, occasionnally
BlackBerry Earnings Q2 2015: $11 million loss, better than expected | BGR

BlackBerry on Friday reported earnings for the fiscal second quarter of 2015, crushing Wall Street’s estimates and sending the stock soaring in pre-market trading on Friday. The struggling mobile pioneer couldn’t quite swing to a profit in the second quarter, posting a loss of $11 million, or $0.02 per share. Wall Street had expected a much larger loss of $0.16 per share, however, and BlackBerry’s stock shot up more than 8% as a result.

edit : title more sexy on their TW

[Superfly_FR]

Laconic, but existing, they will probably let the dust settle before analysis.
Feel free to correct my comment, please.
BlackBerry announces Q2 FY2015 financial results | CrackBerry.com

P.S: anyone with a fast "reported V.S expected" table ?

[notfanboy]

BOOM! $10.65, up almost 9%

Never put any trust in the pre-market. For example, it's red at the moment.

[FijiBB]

9.50! Ugh

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[bungaboy]

http://ca.blackberry.com/content/dam...Supplement.pdf

[Bilaal]

Never put any trust in the pre-market. For example, it's red at the moment.

Yeah, dammit

[jake simmons3]

Yeah, dammit

how the f are we red on a huge beat

[SasBB]

Jeez, it was such a good result, and the pre-market is still red.

[Bilaal]

how the f are we red on a huge beat

I can only think of one thing and that's revenue, but even then. Let's wait for John Chen to speak, I believe we'll end up firmly in the green by the end of the day.

In saying that, the price is creeping back up to the green now.

[BlackistheBerry]

Hardware is profitable for the first time in 5 quarters.

[jake simmons3]

Looks like only shorts can move this stock , not even a huge beat can move it in the green. This is pathetic

[Bilaal]

200k pre orders for the Passport since launch.

[BlackistheBerry]

More than 200,000 passports ordered already.

[new_me222]

The demand for Z3 "I think pretty much exceeds" our supply. This is a bit unexpected.

[Bilaal]

840,000 licenses of BES10 have been traded in from competitors, inc MobileIron,

[world traveler and former ceo]

Wow:: huge interests in the Passport!!!

It's going to be very well received and the Classic will be huge winner!!

Posted via CB10