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The company also benefited from higher sales of its core security software as companies continue to strengthen their IT security to support remote working trends. Excluding items, the company reported a profit 11 cents per share, compared with analysts' estimates of a profit of 2 cents per share.
Excluding items, the company reported a profit of 11 cents per share, compared with analysts' estimates of a profit of 2 cents per share.
Phones with BlackBerry® software or apps don’t just tack on security, it’s built-in. Excluding items, the company reported a profit 11 cents per share, compared with analysts' estimates of 2 cents per share.
U.S.-listed shares of BlackBerry, which sells security software to companies and governments as well as infotainment software to carmakers, soared about 8% premarket. All quotes delayed a minimum of 15 minutes. BlackBerry provides organizations with software to secure the IoT devices they use, the products they make, the data they share and their communications. BlackBerry’s QNX car software sales, which had been under pressure due to a pandemic-related weakness in the U.S. auto industry, also improved in the quarter. Software is truly driving the transition to next generation automotive architectures of connected and autonomous cars.
The quarter benefited from higher sales of the company's core security software, Spark, as businesses continue to strengthen their IT security to support remote working trends. Net loss narrowed to $23 million, or 4 cents per share, from $44 million, or 10 cents per share, a year earlier. The company reiterated it full year revenue forecast of about $950 million. BlackBerry has transformed itself from a smartphone company into a security software and services company. (Reporting by Ayanti Bera in Bengaluru; Editing by Vinay Dwivedi), Like us on Facebook to see similar stories, Remembering 'Notorious RBG' is complicated (opinion), One Of America's Largest Bakery Chains Could Be Headed for Bankruptcy.
U.S.-listed shares of BlackBerry, which sells security software to companies and governments as well as infotainment software to carmakers, rose 6% in early morning trade.
“Some signs of recovery in auto production point to sequential revenue growth and a return to a normal run rate for QNX by early next year,” Chief Executive John Chen said in a statement. BlackBerry's QNX car software sales, which had been under pressure due to a pandemic-related weakness in the U.S. auto industry, also improved in the quarter.
BlackBerry Ltd's quarterly revenue topped Wall Street estimates on Thursday, rising nearly 6%, as demand for the Canadian company's security software suite, Spark, and its QNX car software … BlackBerry Ltd posted a surprise 6 per cent rise in quarterly revenue on Thursday, as sales of its security software product rose and its patent licensing business strengthened. Excluding items, the company reported a profit 11 cents per share, compared with analysts’ estimates of 2 cents per share. Reporting by Ayanti Bera in Bengaluru; Editing by Vinay Dwivedi. (Reporting by Ayanti Bera in Bengaluru; Editing by Vinay Dwivedi), Battle Creek, MI, USA / WIN 98.5 Your Country | WNWN-FM | Battle Creek, MI. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Morningstar analyst Mark Cash said BlackBerry Spark provides the company with future demand as enterprises and government entities work to protect and manage devices. Net loss narrowed to $23 million, or 4 cents per share, from $44 million, or 10 cents per share, a year earlier. “So all the interfaces that you’re used to and all new stuff that we will still do and provide, we manage all that, but we have other people building hardwares,” BlackBerry CEO John Chen said Friday on “CBS This Morning.” “And we have three licensees so far and we’re probably going to have a lot.”. Total revenue for the second quarter ended Aug. 31 was $259 million, while analysts were expecting it to drop to $237.03 million from $244 million a year earlier, according IBES data from Refinitiv.
Demand for new vehicles has been recovering after hitting a bottom in April, as lockdown restrictions ease and buyers return. Show full articles without "Continue Reading" button for {0} hours.
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