Although BlackBerry has disconnected itself from the smartphone handsets the Canadian firm also struggles to convince that it can return to its glory days through an enlarged software business.
The company, which will report fourth-quarter and full-year results on Friday, says it has no major gaps as far as its software portfolio is concerned, which is also due to integration of a string of recent acquisitions.
But it also mentions inspite of this it will have to conduct more work ion the offerings to get those into the healthcare and automotive industries and other sectors that it hopes will power future growth.
“The bottom line is: BlackBerry is a completely different beast than it was a decade ago,’ said Nicholas McQuire, a workplace IT analyst at CCS Insight, a consulting firm. “However, it still needs to educate enterprises, particularly prospects in markets outside its core regulated footprint on the ‘new BlackBerry’,” he said.
Currently Investors are unsure as to how to value the company. According to Thomson Reuters I/B/E/S estimates. The Waterloo, Ontario-based firm is expected to barely break even in the fourth quarter and likely report revenue of less than $1.4 billion in its fiscal year ending February 28, 2017, At its peak, the smartphone pioneer was raking in more than $5.5 billion a quarter.
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Madhurima Goyal, From ITvoir News Desk