fourth quarter | BlackBerry warns that its revenue will not be as high as expected

(Toronto) BlackBerry a prevenu mardi que ses revenus du quatrième trimestre et de l’ensemble de l’exercice for ses activities of cyber security seraient inferieurs aux prévisions, some important transactions that devaient être conclues au cours du trimestre ne l’ont pas eté in time.

BlackBerry Chairman and CEO John Chen said difficulties in the broader economy were a key driver for the company’s cybersecurity business unit. In fact, he explained, longer sales cycles on the government side are causing some important transactions to be deferred to later quarters.

BlackBerry also said it expects to collect a one-time fee related to its Spark security business of up to $440 million to its fourth-quarter results.

In a preliminary look at its results for the quarter ending February 28th, BlackBerry said it expects total revenue of approximately $151 million. Revenue from its IoT business is expected to be around US$53 million, while cybersecurity revenue is expected to be around US$88 million. Revenues from licenses and others are expected to be around $10 million.

For the full fiscal year, BlackBerry expects to report total revenue of approximately $656 million, with IoT revenue of approximately $206 million and cybersecurity revenue of approximately $418 million. Licenses and other revenue for the year is expected to be around $32 million.

BlackBerry is set to release its full financial results on March 30, where it will also present its outlook for the new fiscal year.

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