Visitors try out Blackberry smartphones on the first day of the CeBIT 2012 technology trade fair on March 6, 2012 in Hanover, Germany.
Sean Gallup | Getty Images News | Getty Images
Canada’s BlackBerry beat quarterly revenue estimates on Friday, boosted by sales from its licensing and cybersecurity businesses.
U.S.-listed shares of the company rose 5.8% to $6.14 in premarket trading.
BlackBerry, once popular for its phones before losing out to Apple’s iPhones and Android devices, now offers security software for corporations and government agencies, and software for driverless cars.
The company’s adjusted revenue rose 23% to $280 million, beating average analysts’ estimate of $275.7 million, according to IBES data from Refinitiv.
BlackBerry reported revenue of $40 million from recently acquired Cylance, a California-based cybersecurity business whose software uses machine learning to avoid security breaches.
The company reported a net loss of $32 million for the third quarter ended Nov. 30, compared with a profit of $59 million, a year earlier.
On a per-share basis, the company’s loss widened to 7 cents from 1 cent, a year earlier.
Published at Fri, 20 Dec 2019 12:57:21 +0000