BlackBerry Reports Q2 Earnings, Sees Strong Second Half For Cyber Business
Portfolio Pulse from Adam Eckert
BlackBerry Ltd (NYSE:BB) reported Q2 financial results with revenue of $132 million and EPS loss of 4 cents, both in line with estimates. The company's IoT revenue was $49 million, cybersecurity revenue was $79 million, and licensing and other revenue was $4 million. BlackBerry expects strong revenue for its cybersecurity business in the second half of the year.
September 28, 2023 | 9:22 pm
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BlackBerry's Q2 results were in line with estimates, indicating stable performance. The company's positive outlook for its cybersecurity business could boost investor confidence.
BlackBerry's Q2 results were as expected, which suggests stability in the company's performance. The positive outlook for the cybersecurity business, a key revenue driver, could increase investor confidence and potentially drive the stock price up in the short term.
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IMPORTANCE 75
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