BlackBerry Turnaround Progress: 7 Positive Takeaways

Inside BlackBerry

BlackBerry continued its transformation into an enterprise software provider focused on cross-platform mobile security and productivity, as multiple data points from its Q4 FY15 call on Friday showed.

Besides achieving profitability and positive cash flow (as well as a $3.27 billion cushion in cash and equivalents at the end of FY16), BlackBerry’s software sales grew 24% quarter over quarter to $67 million, as the company won 2,200 customers, including many competitive displacements, said Executive Chairman and CEO, John Chen. They included:

  • Delta Airlines
  • First Great Western trains
  • Dignity Health
  • Tarpon Energy Services
  • The Government of Canada
  • Social Services Administration of Colombia
  • Australian Transport Safety Bureau
  • Essar Group (one of the largest conglomerates in India)
  • Sonora Quest Labs
  • Kyocera Mita
  • IMS Health

Specifically in the financial services industry, BlackBerry customer wins included SAIC, HSBC, Citizens Property Insurance, ERGO Insurance Group, Credito Familiar and the United States Government’s Internal Revenue Service…

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