BlackBerry Limited (NYSE:BB) Q4 2020 Earnings Conference Call - Final Transcript

Mar 31, 2020 • 05:00 pm ET

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BlackBerry Limited (NYSE:BB) Q4 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good morning and welcome to the BlackBerry Fiscal Fourth Quarter and Fiscal Year 2020 Results Conference Call. My name is Josh 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] I would now like to turn today's call over to Christopher Lee, Vice President of Finance. Please go ahead.

Executive
Christopher Lee

Thank you, Josh. Welcome to the BlackBerry fiscal fourth quarter and fiscal year 2020 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 of blackberry.com. A replay will also be available on the blackberry.com 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 U.S. 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 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. These factors include the risk factors that are discussed in the company's annual filings and MD&A and the COVID-19 coronavirus outbreak, which is negatively impacting public health, financial markets, and global economic activity. 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, which are available on the EDGAR, SEDAR, and blackberry.com websites. I will now turn the call over to John.

Executive
John Chen

Thank you, Chris. Good afternoon everybody. Before I speak about the BlackBerry results, I'd like to acknowledge everyone who's doing all they can to contain and overcome the COVID-19 virus. BlackBerry has taken a number of steps to help the global community including enabling remote working for our customers, employees and we are taking the lead by offering a limited license of our enterprise software products free to organizations around the world for 60 days. Now on to the results. As Chris stated, I will reference non-GAAP number in my