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The Waterloo-based software company reported US$13.7 million in profit for the quarter that ended Nov. 30, up from a US$10.5-million loss a year earlier. Still, its share price opened more than six per cent lower in Toronto Friday morning, and continued to decline throughout the day. (The Logic)
Talking point: BlackBerry reported 10 per cent revenue growth to US$68.7 million in its QNX segment, which produces software and operating systems for cars. That’s less than the 15 per cent growth the division logged the previous quarter. The company’s full-year guidance, meanwhile, shows its bracing for QNX’s momentum to slow even more. Its full-year outlook for total revenue remained in line with what it predicted earlier this year.
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