BlackBerry Scores Unexpected Q1 Profit Boosted by Cybersecurity Business

  • BlackBerry experienced a surprise Q1 profit due to increased client spending on its cybersecurity products and advancing enterprise software in the automotive sector.
  • The company reported a profit of 6 cents per share exceeding the expected loss of 5 cents per share, and revenues of $373 million outperformed analysts’ estimate of $160.4 million.
  • Although BlackBerry shut its flagship business last year, it signed a deal to sell patents related to its mobile devices for up to $900 million to Malikie Innovation Limited in March.
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