What Impacted BlackBerry’s Profitability in Fiscal Q1 2019?
BlackBerry (BB) reported a gross margin of 76% in fiscal Q1 2019, up from 67% in fiscal Q1 2018. It rose 9 percentage points YoY (year-over-year), driven by an increase in revenue contribution from Software and Services. We’ve already seen that Software and Services accounted for 89% of its total revenue in fiscal Q1 2019, up from 68% in fiscal Q1 2018.