The Waterloo, Ont.-based software company reported revenue of US$175 million in the quarter ending Nov. 30, up from the same quarter last year. But its net loss was steeper than a year ago, and the company expects lower revenue of US$150 million to US$159 million in the quarter that ends Feb. 29, 2024. (The Logic)
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The Waterloo, Ont.-based software company reported revenue of US$175 million in the quarter ending Nov. 30, up from the same quarter last year. But its net loss was steeper than a year ago, and the company expects lower revenue of US$150 million to US$159 million in the quarter that ends Feb. 29, 2024. (The Logic)
Talking point: After scrapping plans to take its Internet-of-Things division public, BlackBerry is mounting an uneasy transition into two separate companies under brand-new leadership. John Giamatteo said in his first earnings call as CEO that after being in “investment mode,” the firm is cutting operational costs. “BlackBerry’s business has significantly pivoted and made a number of acquisitions over the years. We see ways to streamline,” Giamatteo said. BlackBerry’s forecast also calls for lower cybersecurity revenue in the quarter that ends in February, compared with the one that ended in November. “I’d love to say some of these opportunities are in the forecast and give you a bit of a higher guidance, but I want to be balanced,” said Giamatteo
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