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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.

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评论10

  • HWChua1961
    ·2021-12-22
    BB waking up soon
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  • RS142
    ·2021-12-22
    Attempting to rebound back
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  • Chris68
    ·2021-12-22
    Buy
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    收起
    • Chris68
      Yup
      2021-12-22
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  • Surewin88
    ·2021-12-22
    Wow
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  • jat
    ·2021-12-22
    So happy BB is flipping its fortune
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    • Irene104
      👍🏻
      2021-12-22
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  • JCai
    ·2021-12-22
    K
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    • JCai
      k
      2021-12-22
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  • SCLIEW
    ·2021-12-22
    666
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  • Slayer888
    ·2021-12-22
    Buy market action is opposite 
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    • jas68
      power play.
      2021-12-22
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  • oOoHades
    ·2021-12-22
    Ok
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  • KTTS
    ·2021-12-22
    Good 
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    • AlphaKK
      Yes
      2021-12-22
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    • oOoHades
      Ok
      2021-12-22
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