BlackBerry CEO John Chen said the company is very close to transitioning from a smartphone-making business to one that specializes in secure mobile communications. On Thursday, the Canadian firm posted its first-quarter financial results, reporting revenue of $166 million for software and services.
Services most important for BlackBerry
This marks a key milestone not only in BlackBerry’s transition but also in Chen’s turnaround strategy since it is the highest revenue from software and services that the company has reported for a single quarter ever in its history. For the three months ending May 31, revenue from software and services accounted for 39% of total revenue.