News: Net loss was $89m in Q3.
BlackBerry has reported a smaller quarterly loss for fiscal Q3 and its first quarter-to-quarter revenue gain in more than two years.
For the quarter ended 28 November 2015, the company reported a loss of $89m, or 17 cents per share, compared to $148m, or 28 cents a share, in the year-ago period.
Revenue dropped 31% to $548m in Q3 from $793m a year earlier, but increased 12% from the earlier quarter, following nine continuous quarters of declines.
Hardware revenues contributed about 40% of total revenue, services access fees revenues accounted for 31%, and about 29% came from software and services licensing.
BlackBerry’s non-GAAP software and services revenue more than doubled to $162m from a year earlier.
The company had 2,713 enterprise customer wins in Q3, which was 70% of third quarter software revenue was recurring.
The company released Priv by BlackBerry, its first Android smartphone, in November this year. It carries a 5.4 inch display, runs on Android Lollipop, runs on Qualcomm Snapdragon 808 and has 3GB RAM.
BlackBerry executive chairman and CEO John Chen said: "We delivered accelerating growth in enterprise software and higher revenue across all of our areas of focus,
"Our new PRIV device has been well received since its launch in November, and we are expanding distribution to additional carriers around the world in the next several quarters."
The company expects to generate positive free cash flow and adjusted EBITDA in 2016.