June 23, 2015 / 2:25 PM / in 2 years

BUZZ-BlackBerry Ltd: Reverses course on software revenue uncertainty

(Updates)

** Canadian smartphone maker’s U.S.-listed shares down 1.4 pct at $9.07 after rising sharply in premarket trading

** Shares fall over uncertainty about performance of company’s crucial software business

** Stock one of the biggest percentage drags on Nasdaq telecommunications index

** Toronto-listed shares down 1.5 pct at C$11.15

** U.S. shares rose premarket after release of Q1 numbers; company reported 150 pct increase in software and licensing revenue

** But stock turned negative after analysts on a conference call quizzed company on what drove that growth

** BlackBerry says two licensing deals, one with Cisco Systems Inc and a second, unnamed company, made “significant contributions”, but did not disclose terms

** It is not clear how much the deals could boost revenue in future quarters

** Up to Monday’s close, Toronto-listed stock of BlackBerry had risen nearly 8 pct over the last 12 months (Reuters Messaging: alastair.sharp.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below