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Stock impact report

BlackBerry CEO says mobile company's turnaround has hit a tipping point [CNBC]

BlackBerry Limited (BB) 
Last blackberry limited earnings: 3/31 04:05 pm Check Earnings Report
US:NYSE Investor Relations: us.blackberry.com/company/investors
Company Research Source: CNBC
BlackBerry CEO says the mobile company's turnaround has hit a tipping point after near-death experience , chief executive officer of BlackBerry Ltd., holds the BlackBerry Priv smartphone. SeongJoon Cho | Bloomberg | Getty Images There was a notable absence from BlackBerry's last quarterly report: revenue from handsets. The company that once dominated corporate mobile communications with its ubiquitous palm-size communicators and tiny keyboards has completed a 180-degree pivot to security services and software. He has a long way to go: At its peak in 2011, BlackBerry sales reached almost $20 billion, 82% from hardware sales. In the current fiscal year the goal is to top $1 billion. After years of red ink, BlackBerry is once again cash-flow positive as it invests heavily in new technology. The challenge now is to grow rapidly in its new lines of business. Chen is building on BlackBerry's vaunted reputation for data security and on strategic acquisitions of the technology he needs. "The Show less Read more
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