Tuesday, 27 Oct 2020

BlackBerry reports near 6% 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 BB.TOBB.N reported a near 6% 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 $259 million, higher than analysts’ estimates of $237.03 million, according IBES data from Refinitiv.

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

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

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