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May 31, 2023
BlackBerry Q1 2024 Earnings Report
BlackBerry's financial performance reflected sequential revenue growth in the Cybersecurity business unit and temporary delays in the IoT business unit.
Key Takeaways
BlackBerry reported total company revenue of $373 million with non-GAAP EPS of $0.06 and a GAAP loss per share of $0.02. The Cybersecurity business unit experienced sequential revenue growth, while the IoT business unit faced temporary delays. The company completed the sale of its non-core patent portfolio.
Total company revenue reached $373 million.
Non-GAAP EPS was $0.06, while GAAP EPS showed a loss of $0.02.
Cybersecurity revenue grew sequentially, driven by increased billings and pipeline.
IoT revenue was impacted by temporary delays in new program starts.
BlackBerry
BlackBerry
Forward Guidance
BlackBerry will discuss its outlook in connection with the quarterly earnings announcement on its earnings conference call.