The Waterloo-based company reported US$152.9 million in revenue in the quarter ending on May 31, a 26 per cent year-on-year increase and above the US$140 million in revenue the company expected. Adjusted operating earnings increased 144 per cent to US$36.3 million. The company previously forecasted operating earnings of between US$14 million and US$22 million. (The Logic)

Talking point:  BlackBerry’s embedded software business, QNX, helped drive the strong results last quarter, with revenue up 26 per cent from a year earlier, reaching US$72.3 million. The company also expanded a contract with the federal government for its SecuSUITE encrypted communications platform, which helped boost revenue in its Secure Communications division by 24 per cent to US$73.6 million. The stronger-than-expected quarter prompted BlackBerry to raise its full-year revenue forecast to between US$594 million and US$621 million, up from its previous guidance of US$584 million to US$611 million. The company’s share price was up about 20 per cent by midday Thursday.