BlackBerry Does The Right Thing By Pulling The Plug On Handset Development

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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Should Salesforce Acquire Twitter?

Speculation is rampant about Twitter potentially being acquired in the upcoming weeks, leading to the company’s stock rising over 20% in the last four trading days. Its prospective buyers currently include Salesforce , Disney and Alphabet . News of Salesforce being interested in acquiring the social media platform did not go over particularly well with investors, resulting in the stock slipping 6% to about $70 on Friday. However, in this article we discuss how Twitter might be a good fit for Salesforce’s future growth plans.

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