BlackBerry revenue beats estimates as cybersecurity demand stays strong

BlackBerry revenue beats estimates as cybersecurity demand stays strong

BlackBerry revenue beats estimates as cybersecurity demand stays strong

Information about BlackBerry revenue beats estimates as cybersecurity demand stays strong

Kevin David Scam or Legit


(Reuters) -BlackBerry Ltd beat Wall Street estimates for third-quarter revenue on Tuesday, helped by sustained demand for its cybersecurity and Internet of Things products.
Demand for cybersecurity software has been robust as more businesses and government organizations migrate to cloud-based solutions to support remote work during the COVID-19 pandemic.
BlackBerry posted third-quarter cybersecurity revenue of $128 million and forecast that to be between $125 million and $135 million in the fourth quarter, below an estimate of $143 million by one analyst, according to Refinitiv data.
U.S. shares of the company fell 1.2% to $9.14 in extended trading.
Chief Executive Officer John Chen said on a conference call that BlackBerry expects automotive supply chain issues to ease in the fourth quarter and help boost demand for its QNX car software, used by automakers including …

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