Waterloo - The chief executive of BlackBerry, John Chen, expressed confidence that you can recover the profit of the company's cell area and imposed a deadline to achieve this in September, after the company had results higher than expected in the last quarter.
The BlackBerry reached financial balance before charges and writedowns in the first quarter and estimated an annual loss lower than expected by the market.
The Canadian company has shifted its focus to smartphones for software that businesses and governments use to manage their mobile devices.
Adjusted revenue in this business area exceeded from the sale of phones in the quarter.
Chen expressed frustration with the market focus on the BlackBerry devices, citing growth in revenues from software and cost reduction that improved the company's margins.
Revenue adjusted with software and licensing totaled $ 166 million in the first fiscal quarter ended May 31 compared with 152 million in the company's equipment area.
The BlackBerry had revenue from software 527 million dollars in the last fiscal year and is targeting organic growth of 30 percent.
The BlackBerry expects to close the fiscal year with adjusted loss of about $ 0.15 per share compared to the average estimate of negative analysts of $ 0.33.
The company had adjusted earnings of $ 14 million in revenue also adjusted to 424 million dollars. Analysts on average expected loss per share and 470.9 million revenue, according to Thomson Reuters data.
The company had a net loss of $ 670 million, or $ 1.28 per share, which the BlackBerry attributed to a writedown of 501 million related to the value of the cell area, as well as other charges.
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