BlackBerry Ltd (NASDAQ:BBRY) reported its fourth quarter results and the software giant’s CEO is quite happy with the company’s performance. The company reported $28 million profits which is far better as compared to the year earlier. Although the revenue dipped and missed the analysts’ expectations, BlackBerry Ltd (NASDAQ:BBRY) is optimistic that it will come out of the crisis and soon its products will elevate in the market in terms of sales and popularity.
In an interview, CEO of BlackBerry Ltd (NASDAQ:BBRY) John Chen said that in the list of the pronounced customers of BlackBerry Ltd (NASDAQ:BBRY), a majority is related to financial sector of the companies. He said that the profits in the fourth quarter show that the company is taking the right track by focusing more on the software services and mobile. BlackBerry Ltd (NASDAQ:BBRY) recently launched its two new phones and had high hopes that it will be able to garner a massive customer base out of the saturated mobile market. Blackberry CEO said that Blackberry Classic is more popular than BlackBerry Ltd (NASDAQ:BBRY) Passport.
BlackBerry Ltd (NASDAQ:BBRY) CEO also said that any speculation about Blackberry’s performance in sales of its new smartphones will be too early as most of the famous carriers including AT&T and Verizon just started showcasing these phones in their stores.
John Chen said that BlackBerry Ltd (NASDAQ:BBRY) is coming back on the server side and it still has around 30,000 server Enterprise customers. He said that the company has proved that it has traction in the market. Now, the BlackBerry Ltd (NASDAQ:BBRY) will start improving and stabilizing the revenues.
Spencer M. Waxman’s Shannon River Fund Management owns 4 million shares of BlackBerry Ltd (NASDAQ:BBRY).
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