BlackBerry Reports Profitability in Fiscal 2018 First Quarter

BlackBerry (NASDAQ:BBRY; TSX:BB) has announced financial results for the three months ended May 31, 2017.
As quoted in the press release:

Q1 Highlights

• Q1 non-GAAP total revenue of $244 million; GAAP total revenue of $235 million
• Q1 non-GAAP Company total software and services revenues of $169 million; GAAP Company total software and services revenues of $160 million
• Q1 non-GAAP gross margin of 67%; GAAP gross margin of 64%
• Total cash balance increased to $2.6 billion at the end of the fiscal first quarter
• Awarded $940 million from the positive outcome of the Qualcomm arbitration
• Launched AtHoc ACCOUNT, a new FedRAMP-authorized solution that enables government agencies and large organizations to account for personnel in real time; BlackBerry AtHoc is the only platform to achieve FedRAMP authorization for crisis communications
• TCL initiated shipments of the BlackBerry KEYone, as part of the Company’s licensing program
• BB Merah Putih initiated shipments of the BlackBerry Aurora, as part of the Company’s licensing program
• Launched BlackBerry SHIELD, an assessment tool for cybersecurity risk management; partnered with Allied World to make the tool available to its cyber insurance policyholders
• After the quarter, launched QNX Hypervisor 2.0, which enables the partitioning and isolation of safety critical environments in connected cars
• After the quarter, announced that Qualcomm is adopting QNX Hypervisor 2.0 in support of its digital cockpit solutions
• After the quarter, BlackBerry named a “Leader” in the Gartner Magic Quadrant for Enterprise Mobility Management Suites
• After the quarter, announced the general availability of BBM Enterprise SDK to address the Communications Platform as a Service (CPaaS) market; more than 60 ISVs are using the tool to develop mobile apps for iOS and Android

Q1 Results
Non-GAAP revenue for the first quarter of fiscal 2018 was $244 million with GAAP revenue of $235 million. Approximately 79% of first quarter software and services revenue (excluding IP licensing and professional services) was recurring. BlackBerry had over 3,000 enterprise customer orders in the quarter.

Click here to read the full press release.