BlackBerry released its Q2 FY’17 earnings on Wednesday, September 28, indicating that its pivot towards becoming an enterprise mobility software provider gained momentum, with software and services revenues doubling year-over-year. The firm also announced that it would be pulling the plug on its internal handset development activities, instead working with third parties to launch new devices. That said, the firm’s financial performance remained a mixed bag, as earnings beat analyst expectations although revenues fell short of projections, declining by 32% year-over-year. BlackBerry also raised its full year earnings outlook, driven by its improving gross margins and its recent move to refinance some debt. Below, we outline some of the key takeaways from BlackBerry’s earnings.

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