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Blackberry still can't get juiced up

by on23 June 2015


Revenue falling

BlackBerry is still a long way from being out of the woods. The outfit reported worse-than-expected first-quarter financial results as phone sales continued their long slide.

The outfit said that its revenue fell about 32 percent to $658 million which was well short of what the cocaine nose jobs of Wall Street predicted.

Wall street generally expected $684.5 million in revenue.

The outfit has been trying to refocus on software. During the quarter it completed its acquisition of WatchDox, a provider of secure enterprise file-sync-and-share technology. It also has announced a long-term patent cross-licensing deal with Cisco.

Software and technology licensing revenue more than doubled during the quarter to $137 million.

Shares of the Canadian company jumped 54 cents, or 5.7 percent, to $9.69 in premarket trading. BlackBerry shares have declined 16 percent since the beginning of the year.

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