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Canadian software program large BlackBerry Ltd beat Wall Avenue estimates for third-quarter income on Tuesday, helped by sturdy demand for its cybersecurity providers because of the pandemic-led shift to distant working.
Demand for cybersecurity software program has been sturdy as extra companies migrate to cloud-based options to help distant work through the COVID-19 pandemic.
The rise of electric-vehicle and connected-car applied sciences have additionally aided gross sales of BlackBerry’s QNX software program, utilized by automakers together with Volkswagen, BMW and Ford Motor.
BlackBerry reported a web revenue of $74 million within the third quarter, in contrast with a lack of $130 million a yr earlier.
Income fell to $184 million for the quarter ended Nov. 30, from $218 million a yr earlier, however beat analysts’ common expectation of $177.25 million, in keeping with IBES knowledge from Refinitiv.
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