BlackBerry Limited (BBRY,BB.TO) announced, in fiscal 2018, the company expects to grow at or above the overall market in software business. The company also expects to be profitable on a non-GAAP basis and to generate positive free cash flow for the full year.
BlackBerry reported fourth-quarter non-GAAP earnings per share of $0.04, and non-GAAP operating income of $13 million. Non-GAAP revenue for the fourth quarter was $297 million with GAAP revenue of $286 million. Approximately 80% of the fourth quarter Software & Services segment revenue (excluding IP licensing and professional services) was recurring. BlackBerry had over 3,500 enterprise customer orders in the quarter.
John Chen, CEO, BlackBerry, stated: "Our Q4 results came in at or above expectations in all major metrics In the quarter, we continued to grow our mix of software and services revenue across the company. In turn, this allowed us to expand our operating margin and report positive free cash flow. In addition, our balance sheet continues to strengthen and benefit from reduced capital requirements with our focus on software and licensing."
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