BlackBerry continues to gain traction in its core businesses – Enterprise Software, BlackBerry Technology Solutions (“BTS”), and Licensing and IP. Total revenue from these segments was $193 million, up 4% Y/Y. I was critical of the company after it exited the handset business. In my opinion, its sole focus on software and services makes the company a one trick pony. That said, Software and Services has performed better than I expected given the low base BlackBerry started from.
Revenue from BTS was $49 million, up 29% Y/Y. It represents over 25% of BlackBerry’s core revenue. This product is primarily driven by BlackBerry QNX. This marks the third consecutive quarter BTS grew revenue Y/Y in the 30% range.
