Software, Services Revenue Boosts BlackBerry Financial Results

 
‎BlackBerry has issued an update on its third quarter fiscal 2016 results, with impressive growth in its software and services revenue.

According to the hardware and software giant, non-GAAP total revenue of $557 million, up 14 percent over Q2 FY16, while non-GAAP software and services revenue of $162 million, up 183 percent year over year and up 119 percent quarter over quarter.

Its adjusted EBITDA stands at $114 million.

Cash and investments balance of $2.71 billion at the end of the fiscal quarter, including the impact of the recent acquisitions of AtHoc and Good Technology.

But it also recorded $0.03 on-GAAP loss per share.

During the quarter, BlackBerry completed the acquisitions of AtHoc and Good Technology and launched the PRIV in November, the only smartphone that combines BlackBerry-level security with the Google Play App Store’s 1.6 million apps.

The Company also confirmed plans to release OS version 10.3.3 on BlackBerry 10 to support NIAP certification.

John Chen, BlackBerry Executive Chairman and Chief Executive Officer, while making remarks on the Quarter said,  “I am pleased with our continued progress on BlackBerry’s strategic priorities, leading to 14 percent sequential growth in total revenue for Q3.

'We delivered accelerating growth in enterprise software and higher revenue across all of our areas of focus. Our new PRIV device has been well received since its launch in November, and we are expanding distribution to additional carriers around the world in the next several quarters.

'BlackBerry has a solid financial foundation, and we are executing well. To sustain our current direction, we are stepping up investments to drive continued software growth and the additional PRIV launches. I anticipate this will result in sequential revenue growth in our software, hardware and messaging businesses in Q4.”

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Anchor Telecoms Rolls Out Drums to Celebrate 10th Anniversary
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By peter ugwu

Anchor Telecoms, one of Nigeria’s innovative telecommunication companies with expertise in the provision of network design and optimizations prides itself as being successful after 10 years of launching cutting edge solutions that have been able to address critical  issues of infrastructural development in the ICT industry.

Tony Emoekpere, managing director and Chief Executive Officer of Anchor Telecoms, Anchor Telecoms, made remark at the weekend, in Lagos when the IT infrastructure service provider rolled out the drums to celebrate its 10th anniversary.

Emoekpere said despite some challenges, the company has been able to stand the test of time in providing excellent service, especially in the areas of site construction, network implementation services and network maintenance services in the last 10 years.

“It has been an interesting journey in the last 10 years for a company that started with three staff, and has grown to become a company with about 80 staff in different countries, including Ghana, Gabon and Cameroun. I am fulfilled and proud today because 10 years have gone and we are still standing. A lot of companies started same time with us, but have gone,” he said on the sidelines of the celebration that attracted the company’s clients, family and friends.

He explained that Anchor Telecoms has been able to leverage on its expertise from site construction to providing a lot of engineering services, ranging from fibre optic, Microwave, BTS and a whole lot of infrastructure services. “We have covered the whole country by delivering services that have grown Anchor Telecoms from a one service company to a company that is now providing other services. That’s our biggest achievement so far.”

He added that Anchor Telecoms is looking forward at achieving two basic things in the next five years; to grow its reach in Africa to countries like Benin, Guinea Conakry.

Secondly, to provide services like broadband that can be directed at the consumer, thus, it has recently acquired an ISP license to explore the nation’s data market.

When asked to access the ICT industry in 2015, Emoekpere said in his view, the telecommunications infrastructure space, where Anchor Telecoms plays experienced some changes with regard to ownership of infrastructure.

The MD/CEO extolled the approach of  telcos that handed their infrastructures to companies that are now offering them back on a lease arrangement.

He said this action will further deepen infrastructure in the country and ultimately make telecom operators to focus on marketing their services and improving quality of service.

“You recalled that the telecom operators have been rolling out infrastructures to suite their own needs, but when the infrastructure space is liberalized, it will allow for a deeper penetration of services because more people can now ride on these infrastructure as against when they are kept primarily for the use of a particular operator,” he stressed.