BlackBerry Limited (NYSE:BB) Q3 2020 Earnings Conference Call - Final Transcript

Dec 20, 2019 • 08:00 am ET


BlackBerry Limited (NYSE:BB) Q3 2020 Earnings Conference Call - Final Transcript


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Good morning, and welcome to the BlackBerry Fiscal Year 2020 Third Quarter Results Conference Call. My name is Jack, and I will be your conference moderator for today's call. During the presentation, all participants will be in a listen-only mode. We will be facilitating a brief question-and-answer session towards the end of the conference. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes.

And I'd like to turn the call over to Christopher Lee, Vice President of Finance. Please go ahead, sir.

Christopher Lee

Thank you, Jack. Welcome to the BlackBerry fiscal year 2020 third quarter results conference call. With me on the call today are Executive Chairman and Chief Executive Officer, John Chen; and Chief Financial Officer, Steve Rai. After I read our cautionary note regarding forward-looking statements, John will provide a business update and Steve will then review the financial results. We will then open the call for a brief Q&A session.

This call is available to the general public via call-in numbers and via webcast in the Investor Information section at A replay will also be available on the website. Some of the statements we'll be making today constitute forward-looking statements and are made pursuant to the Safe Harbor provisions of applicable US and Canadian securities laws. We'll indicate forward-looking statements by using words such as expect, will, should, model, intend, believe, and similar expressions.

Forward-looking statements are based on estimates and assumptions made by the company in light of its experience and its perception of historical trends, current conditions, and expected future developments as well as any other factors that the company believes are relevant. Many factors could cause the company's actual results or performance to differ materially from those expressed or implied by the forward-looking statements, including the risk factors that are discussed in the company's Annual Information Form, which is included in our Annual Report on Form 40-F and in our MD&A.

You should not place undue reliance on the company's forward-looking statements. The company has no intention and undertakes no obligation to update or revise any forward-looking statements, except as required by law. As is customary during the call, John and Steve will reference non-GAAP numbers in their summary of our quarterly results. For a reconciliation between our GAAP and non-GAAP numbers, please see the earnings press release and supplement published earlier today.

I will now turn the call over to John.

John Chen

Thanks, Chris. Good morning, everybody, and welcome to our call. As a reminder, I will be using -- referencing non-GAAP numbers in my summary of quarterly results unless otherwise stated. Let me start.

I'm encouraged by our progress in the third quarter as revenue grew sequentially in all of our software businesses. The total company revenue was $280 million, growing 23% year-over-year. Total software and services revenue was $275 million. It grew to 26% year-over-year. This is a new record high for the quarter. We also record double-digit percentage building growth in the same period.

Software and services