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BlackBerry Ltd T.BB

Alternate Symbol(s):  BB

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and specializes in the areas of endpoint management, endpoint security, encryption, and embedded systems. It operates in three segments: Cybersecurity, IoT, and Licensing and Other. Cybersecurity consists of BlackBerry UEM and Cylance cybersecurity solutions (collectively, BlackBerry Spark), BlackBerry AtHo, and BlackBerry SecuSUITE. The Company’s endpoint management platform includes BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces solutions. The IoT consists of BlackBerry QNX, BlackBerry Certicom, BlackBerry Radar, BlackBerry IVY and other Internet of things (IoT) applications. Licensing and Other consists of the Company’s intellectual property arrangements and settlement award.


TSX:BB - Post by User

Post by nellybbon Dec 20, 2022 9:38pm
327 Views
Post# 35183739

Growth so close I can taste it

Growth so close I can taste itTurning to outlook. We expect to see improvement in both, customer churn and new logo acquisitions continuing next quarter. We are not changing our outlook for cyber -- by cyber revenue and billings. But as previously mentioned, Q4 outlook includes some large potential government deals that the team is working hard to close. As always, with larger deal of this nature, timing can’t be predictable. However, regardless of whether we're able to close this deal in time for Q4 or if they slip in Q1, we expect to deliver sequential billings growth in the quarter. This would mean sequential billing growth for the third quarter in a row. What's more, we currently expect to see the value of billings in Q4 exceeding revenue. This is a strong leading indicator and we expect a return to ARR growth in the second half of next fiscal year.
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