BlackBerry Q1 FY16 Highlights: 150% Software Sales and Licensing Growth, Cisco and Intel Deals, and More

Feature

Inside BlackBerry

BlackBerry continued its transformation into an enterprise solutions provider, as software sales –  powered by increased customer wins – grew year-over-year for a second straight quarter.

BlackBerry won 2,600 enterprise customers in the quarter, including many wins versus rival mobile management providers. The 2,600 customers is up significantly from the 2,200 wins three months earlier, which CEO John Chen called “rather solid” growth during the Q1 FY16 earnings call on Tuesday. And it contributed strongly to our total Q1 revenue from software and technology licensing sales of $137 million, a year-over-year growth of 150%. BlackBerry’s cash reserve now totals $3.32 billion, up 22% from $2.7 billion a year ago.

Customers in regulated industries such as healthcare and financial services abounded. In healthcare, they included Grand River Hospital,CarePartners, Chatham-Kent Health Alliance, Extendicare, Trillium Health Partners, and others.

In financial services, customer wins included ATB Financial, Blackstone…

View original post 396 more words

About Eric Lai

I'm a Writer and Content and Social Marketing Strategist, with a Journalism and B2B Tech Background.

Join the conversation

Show comments Hide comments
+ -
blog comments powered by Disqus