BlackBerry mulls new device on Android operating system

 

Classic-CopyBLACKBERRY Limited on Monday released its ‘Fiscal 2016 Second Quarter Results’ showing continued progress in key financial metrics including software growth, EBITDA and free cash flow.

BlackBerry, a global leader in mobile communications, reported the financial results for the three months ended August 29, 2015.

The firm said it would launch a flagship slider device, Priv, which will run on the Android operating system, bringing together the best of BlackBerry security and productivity with the expansive mobile application ecosystem available on the Android platform.

In combination with BlackBerry’s efforts to support Android for Work on the BES12 platform, the new device will offer best in class security for enterprise customers. BlackBerry expects the device to be available late in the calendar year in major markets in-store and online, and will release further details in the coming weeks

While the new device will provide choice in OS to new and existing customers, the company remains committed to the BlackBerry 10 operating system, which enables industry-leading security and productivity benefits.

Meanwhile, in the result, the Canada based smartphone maker’s Non-GAAP revenue for the second quarter of fiscal 2016 was $491 million with GAAP revenue of $490 million.

GAAP revenue reflects a purchase accounting write down of deferred revenue associated with the acquisition of WatchDox.

The revenue breakdown for the quarter was approximately 15 per cent for software and services, 41 per cent for hardware, and 43 per cent for service access fees (SAF). BlackBerry had 2,400-enterprise customer within the quarter. Approximately 60 per cent of the licenses associated with these deals are cross-platform.

During the second quarter, the company recognized hardware revenue on over 800,000 BlackBerry smartphones with an ASP of approximately $240.

Non-GAAP loss for the second quarter was ($66) million, or ($0.13) per share. GAAP basic net income for the quarter was $51million, or $0.10 per basic share.



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