FILE PHOTO: A Blackberry, a sign is seen in front of their offices on the day of the annual general meeting for shareholders in Waterloo, Canada, June 23, 2015. REUTERS/Mark Blinch
(Reuters) – canadian BlackBerry Ltd., beat quarterly estimates of earnings on Friday, boosted by the sale of licenses, and cyber security companies.
U.S.-listed shares of the company rose by 5.8%, to $6.14 in premarket trading.
BlackBerry, the once popular for its phones, and for the loss of Apple Inc’s iPhones and Android devices, is a must-have security software for enterprises and government agencies, and the software for the driverless cars.
The company’s adjusted revenues increased by 23% to $280 million, beating the average analysts ‘ estimate of $275.7 million, according to IBES data, Refinitiv.
BlackBerry has reported a revenue of $40 million from the newly acquired Cylance, a California-based cyber security company, which is the software that makes use of machine learning, in order to prevent a breach of security.
The company reported a net loss of $32 million for the third quarter ended Sept. 30, compared with a net profit of $59 million a year earlier.
On a per-share basis, the company’s loss widened to 7 cents, with 1 cent a year earlier.
Reporting Amal in Bengaluru; Editing by Vinay Dwivedi