BlackBerry Ltd. recorded a large fiscal first-quarter loss on Thursday on a hefty asset-impairment charge, but results excluding items far outpaced analyst expectations amid improving sales in its software business.
That is better than the 8-cent loss analysts polled by Thomson Reuters expected.
Our current plan calls for continued investments to expand our addressable markets and drive sustainable profitability and revenue growth, Chief Executive John Chen said in a release.
For its current fiscal year, BlackBerry guided for an adjusted loss of about 15 cents a share, which is smaller than the Thomson Reuters mean estimate for a loss of 33 cents a share.
The company also said it aims to achieve operating profitability in the short term in its mobility solutions operations, which includes smartphones and device software licensing.
To help win back some handset customers, BlackBerry has focused its device sales on enterprise customers.