BRIEF-Blackberry CEO says expects new hardware strategy to increase unit volumes, improve margins

Wed Sep 28, 2016 8:54am EDT
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Sept 28 (Reuters) - BlackBerry Ltd

* CEO John Chen says company showed solid progress on overall operating profitability in Q2

* CEO says expects new hardware strategy to expand market access, increase unit volumes, and improve profit margins

* CEO says software growth in quarter was driven by enterprise mobility, crisis management software, and QNX; no intellectual property revenue

* CEO says recognized revenue on around 400,000 devices with average selling price of $271

* CFO James Yersh says expects gross margin in high-50 percent range in next quarter

* CFO says mobility solutions unit's gross margin was 26 percent, up from 8 percent in prior quarter

* CFO says net cash position was $1.2 billion at the end of the quarter

* CFO says expects to be free cah flow positive in Q4; maintains positive EBITDA outlook for full fiscal year   Continued...