BlackBerry relies on new partnerships amid declining sales

BlackBerry Ltd. sales fell in the three months that ended Nov. 30, but the tech company is banking on partnerships with Amazon and Zoom to generate steady revenue going forward.

The Waterloo, Ont., Based company said it suffered a net loss of US $ 130 million, or 23 US cents per share, in its most recent fiscal quarter, more than the same period last year. , when it lost US $ 32 million, or seven US cents per share. diluted share.

The cybersecurity and Internet of Things company said its revenue was US $ 218 million in its most recent quarter, compared to US $ 267 million in the same period last year.

On an adjusted basis, the company reported earnings of two cents per share on revenues of $ 224 million, better than the adjusted loss of one cent per share on revenues of $ 219.72 million. expected by analysts polled by the financial services company Refinitiv.

The company, which this year launched a cybersecurity partnership with video streamer Zoom, says it now expects to end its fiscal year with adjusted revenue of around US $ 950 million, according to the forecast. beginning of this year.

The quarterly report indicates that BlackBerry’s recent agreement with Amazon Web Services to develop and market BlackBerry’s intelligent vehicle data platform will soon generate regular revenue over several years.


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