Skip to main content

Advertisement

Advertisement

Business

BlackBerry reports near 6per cent rise in quarterly revenue

BlackBerry reports near 6per cent rise in quarterly revenue

FILE PHOTO: Visitors attend the Blackberry booth at the Mobile World Congress in Barcelona, Spain February 25, 2019. REUTERS/Rafael Marchante

REUTERS: Canada's BlackBerry Ltd reported a near 6per cent rise in quarterly revenue on Thursday, as demand for its security software suite, Spark, and its QNX car software rose.

Total revenue for the second quarter ended Aug. 31 was US$259 million, higher than analysts' estimates of US$237.03 million, according IBES data from Refinitiv.

Net loss narrowed to US$23 million, or 4 cents per share, from US$44 million, or 10 cents per share, a year earlier.

(This story corrects analysts' revenue estimate to US$237.03 million from US$237.6 million)

(Reporting by Ayanti Bera in Bengaluru; Editing by Vinay Dwivedi)

Source: Reuters

Advertisement

Also worth reading

Advertisement