TECH - BlackBerry Q1 Earnings Beat Estimates Revenues Down Y/Y | Benzinga
BlackBerry Limited (NYSE: BB) reported first-quarter fiscal 2025 (ended May 31) adjusted loss per share of 3 cents, narrower than the company's estimate of a loss per share of 4-6 cents.
In the year-ago quarter, it reported non-GAAP earnings of 6 cents per share. The Zacks Consensus Estimate was pegged at a loss of 4 cents per share.
Quarterly revenues were $144 million compared with the prior-year quarter's figure of $373 million. However, the top line surpassed the company's guidance of $130-$138 million. Software product revenues contributed 85% to total revenues, while professional services contributed 15%.
BlackBerry Limited Price, Consensus and EPS Surprise
BlackBerry Limited price-consensus-eps-surprise-chart | BlackBerry Limited Quote
The company expects fiscal second-quarter revenues to be in the $136-$144 million range. For the Cybersecurity business, revenues are estimated to be in the band of $82-$86 million.
For the Internet of Things (IoT) business, revenues are expected to be in the range of $50-$54 million for the current quarter. The company's top line is likely to gain from continued strength in royalties, along with an improvement in development seat license revenues. Licensing & Other revenues are expected to be $4 million.
The company reiterated its fiscal 2025 revenue projection in the band of $586-$616 million. For the Cybersecurity business, revenues are estimated to be in the $350-$365 million range despite weak macroeconomic conditions that continue to elongate sales cycles.
Revenues are estimated to be in ...