The Government Of Canada Expands Trusted Partnership With BlackBerry; Multi-Year Agreement For BlackBerry Cloud And BlackBerry Software Covers All Departments And Agencies Across The Federal Government
Portfolio Pulse from Benzinga Newsdesk
BlackBerry Limited (NYSE:BB, TSX:BB) has expanded its partnership with the Government of Canada through a multi-year agreement to provide BlackBerry Cloud and BlackBerry Software to all federal departments and agencies. The agreement, signed by Shared Services Canada (SSC), will enable the daily operations of the government, reliably and securely. BlackBerry's technologies are closely aligned with the Government of Canada's priorities, including achieving net-zero emissions by 2050.
October 12, 2023 | 3:01 pm
News sentiment analysis
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NEUTRAL IMPACT
The news may have a neutral impact on the iShares MSCI Canada ETF (EWC) as it is a broad market indicator and the news is specific to one company.
The news is specific to BlackBerry and may not have a significant impact on the broader Canadian market, which the iShares MSCI Canada ETF (EWC) represents.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
BlackBerry's expanded partnership with the Government of Canada could potentially increase its revenues and strengthen its position in the market.
The expanded partnership with the Government of Canada is a significant development for BlackBerry. This could potentially increase its revenues and strengthen its position in the market as it provides its services to all federal departments and agencies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100