Posted by & filed under Corporate Strategy.

Description:  After years of being on death watch, Blackberry is turning things around. Financial results for the latest quarters showed a profit of over $40 million U.S. These days the company is making its money in software and its fast-growing automotive division. Hiring is up and the company is looking for 1,000 or so engineers.

Date: September 28, 2018

Source:  theglobeandmail.com

Link: https://www.thestar.com/business/technology/2018/09/28/blackberry-shares-soar-after-it-reports-financial-results-that-exceeded-expectations.html

 

Discussion points:

1) Were you aware that Blackberry was now profitable? What strategic decisions have helped turn things around?

2) Why do you think Blackberry is reporting its results in U.S. dollars?

3) Where can you find an excerpt from Blackberry’s financial statement in Wiley’s Financial Accounting: Tools for Business Decision-Making?

 

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