BlackBerry announced its financial results for the first quarter of fiscal year 2019 ended on May 31, 2018 with net revenues of $213 million, a decrease of 9.4%, compared to $235 million in Q1 FY18. GAAP net loss for Q1 FY19 was $60 million, compared to the net income of $671 million in Q1 FY18. GAAP net loss comprises of charge of $28 million related to the fair value adjustment on the debentures, $22 million in acquired intangibles amortization expense, $18 million in stock compensation expense and $4 million in restructuring charges.
The company has seen growth across the software and services segment revenue and it reached $189 million, up 18% year-over-year. Licensing, IP and other segment revenues were up by 96.8% year-over-year and reached $63 million from $32 million.
