The Waterloo, Ont.-based software company’s revenue fell to US$144 million, compared with $373 million in the same period last year. The figure topped the US$134.1 million that analysts had expected, according to LSEG data cited by Reuters. BlackBerry shares rose over 10 per cent on the Toronto Stock Exchange. (The Logic, Reuters)
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The Waterloo, Ont.-based software company’s revenue fell to US$144 million, compared with $373 million in the same period last year. The figure topped the US$134.1 million that analysts had expected, according to LSEG data cited by Reuters. BlackBerry shares rose over 10 per cent on the Toronto Stock Exchange. (The Logic, Reuters)
Talking point: BlackBerry said its cybersecurity division performed better than it expected, citing the popularity of its Secusmart voice-encryption technology among big government clients. The company posted a $42-million net loss during the quarter but said it is working toward profitability. It added that it’s making “significant progress” toward splitting its cybersecurity business from its internet-of-things (IoT) division, which makes its QNX and Ivy platforms. John Giamatteo, formerly president of BlackBerry’s cybersecurity business, was promoted to CEO in December, when the company decided it would not spin out its IoT business via an initial public offering.
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