Last week, I received a lot of criticism regarding my initial take on BlackBerry’s (NASDAQ:BBRY) second-quarter earnings report. A lot of the comments were from supporters of the company, and many of them did not address a number of the key points I’ve made. Now that we’ve gotten even more information from the company, I’m here to show why the quarterly report was definitely not as impressive as many thought.

As usual, the multitude of GAAP and non-GAAP numbers the company throws out there got some people confused. Many thought management’s guidance for non-GAAP revenues of $920-950 million was actually strong, but it really wasn’t when you consider that BlackBerry did $493 million in non-GAAP for the first half of the year. Of course, that included some one-time items, so the second half is expected to be a bit weaker. Take a look at what was stated in the recent after-earnings SEC filing (bold mine): READ FULL COLUMN

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Courtesy Bill Maurer

 

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