0
BlackBerry is in need of a name change given its transformation to an enterprise software company is nearly complete. Simply put, BlackBerry needs a name that reflects the company’s current state not a retro device manufactured by TCL.
Also: In a market without keyboards, BlackBerry presses on
The company reports its fiscal third quarter earnings on Thursday. Estimates call for third quarter non-GAA{ earnings of 2 cents a share on revenue of $214.45 million.
In the quarter, the BlackBerry Technology Solutions division is expected to show fiscal third quarter revenue growth of 21.5 percent to $52.27 million. Enterprise software and services will deliver revenue of $98.7 million, up 1.75 percent. Licensing, IP, and other is expected to deliver revenue of $55.83 million, up almost 12 percent.
Add it up and there is no hardware revenue to speak of. BlackBerry is about the Internet of Things, its QNX platform for autos, and increasingly security software via the acquisition of Cylance.
Now whether you buy into this BlackBerry name change idea depends on whether you think hardware or software when you hear the name. I’m willing to bet most of you think keyboard-based smartphone when you hear BlackBerry.
The company’s future goes more like this:
BlackBerry is buying AI-powered security company Cylance for $1.4bBlackBerry’s ambitious target: Protecting everything from smartphones to citiesBlackBerry launches security credential management system for intelligent transportation, smart citiesBlackBerry QNX launches three safety certified auto systemsBlackBerry debuts Jarvis software scanning platform at NAIASBlackBerry teams with Fleet Complete to push Radar IoT platform
BlackBerry CEO John Chen spoke of the Cylance purchase largely as a security and software deal that can accelerate growth. Chen said Cylance “is a key investment to accelerate our future software and services growth in the enterprise of things market.”
Analysts tend to agree. TD Securities analyst Daniel Chan said:
Cylance has been successful in the manufacturing, healthcare, and technology industries. BlackBerry’s strengths are in financial services, government, and other regulated industries. Management has viewed the healthcare industry as the next step for QNX beyond automotive. We believe that pairing Cylance with BlackBerry’s Spark platform could help it break into healthcare.
Here’s how BlackBerry sees its future:
Clearly, the company is about way more than a brand tied to a smartphone and email system.
What should BlackBerry’s new moniker be? I’m thinking BlackBerry could revert back to its original name: Research in Motion. The name more applies to its enterprise of things strategy and leaves the door open for more transformation in the future. Should the company want to take a product line as a name again QNX would be more appropriate.
In any case, Chen has nearly completed a heroic transformation. Now it’s time to swap the name of the company to complete the deal.
Previous and related coverage:
BlackBerry KEY2 review: An old-school concept
You couldn’t mistake the KEY2 for anything but a BlackBerry. The keyboard on the front, the programmable ‘convenience key’ — a button on the right edge that can be set to launch whatever you want — and the familiar BlackBerry stylised logo on the back give the game away.
Photos: BlackBerrys through the ages
ZDNet takes a look back at how the BlackBerry device has developed since the first BlackBerry hit the shelves more than a decade ago.
Related Topics:
Blackberry
Digital Transformation
Big Data Analytics
CXO
Innovation
Cloud
0