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Tag: BlackBerry

BlackBerry gains on partnership with AMD for robotics systems

(Reuters) – BlackBerry shares jumped more than 7% on Tuesday after the Canadian company teamed up with Advanced Micro Devices to roll out a platform that will enable better robotics capabilities for the industrial and healthcare industries. The collaboration, announced at the Embedded World conference at Nuremberg, Germany, will use BlackBerry’s ONX platform. BlackBerry’s U.S.-listed […]

BlackBerry reports surprise profit on demand for cybersecurity services

(Reuters) – Canada’s BlackBerry reported a surprise profit for the fourth quarter on Wednesday, helped by higher demand for its cybersecurity services amid growing online crimes and high-profile hacks. U.S.-listed shares of the company rose 6.4% after the bell. The company reported an adjusted net profit of 3 cents per share for the quarter ended […]

BlackBerry: Fiscal Q4 Earnings Snapshot

WATERLOO, Ontario (AP) — WATERLOO, Ontario (AP) — BlackBerry Ltd. (BB) on Wednesday reported a loss of $56 million in its fiscal fourth quarter. The Waterloo, Ontario-based company said it had a loss of 10 cents per share. Earnings, adjusted for asset impairment costs and restructuring costs, came to 3 cents per share. The cybersecurity […]

Canada’s BlackBerry to lay off more staff in cost-cutting drive

(Reuters) – Canada’s BlackBerry said on Monday it was targeting an additional increase of $100 million in its annual profit as the cybersecurity firm slashes costs, including reducing workforce. The company’s new target is in addition to a $50 million annualized cost reduction plan announced and 200 job cuts in the prior quarter. The company, […]

BlackBerry Stock Is Tumbling Tuesday: What’s Going On?

BlackBerry Ltd (NYSE:BB) shares are falling in Tuesday’s after-hours session after the company announced a proposed private offering. What Happened: After the market close on Tuesday, BlackBerry said it intends to offer $160 million worth of Convertible Senior Notes due 2029 in a private offering. The notes will be offered only to qualified institutional investors. BlackBerry expects to […]

BlackBerry Shares Tumble as Auto Strikes Affected Its Outlook

Key Takeaways BlackBerry’s current quarter guidance was less than expected as the strikes against the Big Three automakers affected its business. The company said the walkouts harmed some of its biggest customers and that the impact will likely carry over. In the fiscal third quarter, BlackBerry posted a surprise profit and strong sales, boosted by […]

BlackBerry posts surprise quarterly profit on resilient cybersecurity demand

(Reuters) – Canada’s BlackBerry reported a surprise quarterly profit on Wednesday, backed by a resilient demand for cybersecurity services amid rising online threats. While IT spending has dwindled over the past year, cybersecurity-related expenditure has remained stable as businesses and governments scramble to beef up their systems against hackers. Over the past few months, casino […]