CORRECTION - BlackBerry Reports Fiscal Year 2019 First Quarter Results

 | Source: BlackBerry Limited BlackBerry Limited

  • Non-GAAP total software and services revenue of $193 million, up 14% year-over-year; GAAP total software and services revenue of $189 million, up 18% year-over-year

  • Total software and services billings grew double-digits from the prior year period

  • Recurring software and services revenue of 86%

WATERLOO, Ontario, June 22, 2018 (GLOBE NEWSWIRE) -- In a press release published today by BlackBerry Limited (NYSE:BB) (TSX:BB), please note that the date in the second column header of the Consolidated Balance Sheets table should be February 28, 2018 instead of May 31, 2018. The corrected table follows.

 
BlackBerry Limited
Incorporated under the Laws of Ontario
(United States dollars, in millions) (unaudited)
 
Consolidated Balance Sheets
 
 As at
  May 31, 2018  February 28, 2018
Assets     
Current     
Cash and cash equivalents$  520 $  816 
Short-term investments 1,725  1,443 
Accounts receivable, net 126  151 
Other receivables 63  71 
Income taxes receivable 17  26 
Other current assets 56  38 
  2,507  2,545 
Restricted cash and cash equivalents 35  39 
Long-term investments 55  55 
Other long-term assets 30  28 
Deferred income tax assets 2  3 
Property, plant and equipment, net 64  64 
Goodwill 566  569 
Intangible assets, net 447  477 
 $  3,706 $  3,780 
Liabilities
Current		   
Accounts payable$  37 $  46 
Accrued liabilities 162  205 
Income taxes payable 19  18 
Deferred revenue, current 166  142
  384  411 
Deferred revenue, non-current 111  53 
Other long-term liabilities 20  23 
Long-term debt 810  782 
Deferred income tax liabilities 5  6 
    1,330    1,275 
Shareholders’ equity  
Capital stock and additional paid-in capital 2,580  2,560 
Deficit (185) (45)
Accumulated other comprehensive loss (19) (10)
  2,376  2,505 
 $3,706 $3,780 
       

Investor Contact:
BlackBerry Investor Relations
+1-519-888-7465
investor_relations@blackberry.com

Media Contact: 
BlackBerry Media Relations 
(519) 597-7273
mediarelations@blackberry.com