BlackBerry and His Last Economic Balance: The Changes Are Leaving Expensive

When we talk about balance sheets BlackBerry always skips the question of if we will see a negative bearing in mind that every time there is less devices with your operating system and which, while others feature million units sold each quarter, the company does not reach the million, as we saw in the last quarterly balance sheet. Figures, however, showed some growth and return it to make this time.

Thus, BlackBerry has today presented the report with the results of the economic balance belonging to the first quarter of the fiscal year 2017 (corresponding to the end of the last month of May). In the former we saw revenues exceeded pre-crisis levels, let’s look at how has fared it the company in economic terms at the beginning of fiscal year.

The relativity of the growth and the weight of the losses

As on other occasions, the Canadian company communicates earnings diversifying between GAAP and non-GAAP, as they are governed or not by the generally accepted accounting principles (i.e., being or not completely strict accounting criteria). Revenue for the first quarter of the fiscal year 2017, Canadians they have raised a total of $ 424 million revenue non-GAAP, somewhat less than what the previous quarter (487 million dollars).

Software and services division is still which brings more

The distribution of this figure according to the section within the company, He won narrowly the software section, which is drawn as the bastion of the company’s historical way. Thus, software and services contributed 39% of the figure, almost the same as the solutions of mobility (36%), while the rates for access to services (service access fees, SAF) contributed by 25%.

That Yes, at the moment We are left with the desire to know how sales gone this quarter. As we saw last time, when if they published data relating to this, the units sold not only were few compared to the competition, but to own forecast.

The balance does not improve in the respective income. Here we don’t have the figure to compare, but the net income per share (non-GAAP) are $ 0. In addition, net losses (GAAP) amounted to of $ 670 million. Here the company explains that these losses are due to charges and payments for investments and various depreciation breakdown in detail, among which we still see for example 23 million in coses restructuring.

The total cash It amounts to 2,500 billion dollars, also somewhat less than in the previous balance sheet (2.620 million). The value of the purchase orders to suppliers amounts to 150 million euros, slightly below the 162 million for the quarter earlier and much lower than the 238 million for the same period in 2015.

Of course, all goes well

What these figures BlackBerry? Not seem nothing promising at least with respect to the former, while there is still debt and costs by restructuring and is true that the company has been undergoing a transition of the business model and products developed. As usual, CEO leaves in defense and with its optimistic vision to a balance sheet that is not known by the positive, and in this case John Chen emphasizes the positive compared with the previous quarter.

[…] We have doubled the revenues corresponding to the software with respect to the figures of the previous year for the second consecutive time after the previous quarter, due above all to our EMM (Enterprise Mobility Management), secure messaging and WNX software for business. In the mobility Department our goal is to achieve operating profits in the short term.

Economic data by continent of BlackBerry (may, 2016)

The renew or die is an almost absolute truth in technology and we have seen it in the mobile market with giants such as Nokia or the own BlackBerry, old Queens of this area that they have not known (or wanted to) get on the train of smartphones and have already seen their destinations compared to others such as Apple or Samsung. However, it is better late than never, and the company since last year appears to hang the habit of “not without BB10” to accommodate the launch of terminals with Android.

This change, however, is not easy and has its costs. Beyond those millions who still continue to see expenses for restructuring which also reached us a few months ago was the news that were having layoffs at the company. Despite this, investments are still part of the same and in fact Chen has qualified in this announcement, explaining that on the agenda of the company include future investment to expand the business and aspire to higher growth.

For the moment continue with the mystery of which path will take BlackBerry in terms of this expansion and investments and the respective terminals. Since a few months ago also we are seeing the drip of leaks which seems to be future smartphones the company, with the traditional names in key cities, in this case Hamburg and Rome. Now that we’re halfway through the year, we will see how the Canadian company has just.

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Institute for Fiscal Studies

Source: www.cemmap.ac.uk

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