BlackBerry beats quarterly revenue expectations

Reuters | Updated: 23-09-2021 02:41 IST | Created: 23-09-2021 02:37 IST
BlackBerry beats quarterly revenue expectations
Representative Image Image Credit: Wikipedia

Canada's BlackBerry Ltd beat Wall Street estimates for second-quarter revenue on Wednesday as hybrid working trends drove demand for its cybersecurity and Internet of Things software products.

Revenue was $175 million for the quarter ended Aug. 31, compared with $259 million a year earlier. Analysts on average expected $163.5 million in revenue, according to IBES data from Refinitiv.

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