BlackBerry Limited (NYSE:BB) Q2 2021 Earnings Conference Call - Final Transcript

Sep 24, 2020 • 08:00 am ET

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BlackBerry Limited (NYSE:BB) Q2 2021 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good morning and welcome to the BlackBerry Second Quarter Fiscal Year 2021 Results Conference Call. My name is James, and I will be your conference moderator for today's call. [Operator Instructions]

I'd now like to turn the call over to Tim Foote, Investor Relations. Please go ahead.

Executive
Tim Foote

Thank you, James.

Good morning and welcome to BlackBerry's second quarter fiscal 2021 earnings conference call.

With me today on the call are Executive Chair 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 review the financial results. We will then open the call for a brief Q&A session. This call is available to the general public by call-in numbers and by webcast in the Investor Information section at blackberry.com. A replay [Technical Issues] 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 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 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 discussed in the Company's annual filings and MD&A, including the COVID-19 pandemic. 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.

And with that, I'll turn the call over to John.

Executive
John Chen

Thanks, Tim.

Good morning, everybody, and thank you for joining us, and I hope everybody is safe and well.

This past quarter, we delivered strong revenue and EPS results, beating expectations, despite of the continued challenge related to the COVID-19. I would start with financial highlights in the quarter and then move on to the business commentary. As usual, I will reference our financial performance in non-GAAP -- in the non-GAAP numbers.

BlackBerry report total revenue of $266 million, increasing both sequentially and year-over-year. The core Spark platform performed well, maintaining the work from anywhere momentum from Q1. QNX continued to be a negative -- to be negatively impacted by the temporary slowdown in the auto production, but we are seeing signs of recovery. More -- more of this later. As we mentioned during our first quarter earnings