BlackBerry beats quarterly revenue estimates on strong cybersecurity demand

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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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Comment（16）

XiaTian
·2021-12-22
Oh
Reply
5
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Toby_Chua
·2021-12-22
BB waking up soon
Reply
2
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RS142
·2021-12-22
Attempting to rebound back
Reply
4
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Chris68
·2021-12-22
Buy
Reply
4
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Fold Replies
- Chris68:
  Yup
  2021-12-22
  Reply
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Surewin88
·2021-12-22
Wow
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5
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jat
·2021-12-22
So happy BB is flipping its fortune
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4
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- Irene104:
  👍🏻
  2021-12-22
  Reply
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PE
·2021-12-22
Cool
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Like
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- PE:
  cool
  2021-12-22
  Reply
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JCai
·2021-12-22
K
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2
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- JCai:
  k
  2021-12-22
  Reply
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Heng08
·2021-12-22
Won
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2
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夜行星
·2021-12-22
[LOL] [LOL]
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4
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Lilian Lim
·2021-12-22
[Happy] [Happy]
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4
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Bonds
·2021-12-22
Well done
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4
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SCLIEW
·2021-12-22
666
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4
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Slayer888
·2021-12-22
Buy market action is opposite
Reply
6
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- SR050321:
  Oh dear
  2021-12-22
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- jas68:
  power play.
  2021-12-22
  Reply
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- ed62:
  meme stock rocket 🚀 to the moon.
  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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