BlackBerry beats quarterly revenue estimates on strong cybersecurity demand

Tiger Newspress2021-12-22

Canadian software giant BlackBerry Ltd, beat Wall Street estimates for third-quarter revenue on Tuesday, helped by strong demand for its cybersecurity services due to the pandemic-led shift to remote working.

BlackBerry shares jumped 2% in extended trading.

Demand for cybersecurity software has been robust as more businesses migrate to cloud-based solutions to support remote work during the COVID-19 pandemic.

The rise of electric-vehicle and connected-car technologies have also aided sales of BlackBerry's QNX software, used by automakers including Volkswagen, BMW and Ford Motor.

BlackBerry reported a net profit of $74 million in the third quarter, compared with a loss of $130 million a year earlier.

Revenue fell to $184 million for the quarter ended Nov. 30, from $218 million a year earlier, but beat analysts' average expectation of $177.25 million, according to IBES data from Refinitiv.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

发表看法
10