BlackBerry beats revenue estimates as it reaps rewards of Cylance buy [Toronto Globe and Mail (Ontario, Canada)]
BlackBerry Limited (BB)
Last blackberry limited earnings: 3/31 04:05 pm
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Source: Toronto Globe and Mail
BlackBerry beats revenue estimates as it reaps rewards of Cylance buy Canadian software maker BlackBerry Ltd. on Wednesday beat analysts’ expectations for quarterly revenue, as it benefited from its recent $1.4-billion bet on cybersecurity firm Cylance. BlackBerry in February completed its acquisition of California-based Cylance, whose software uses machine learning to pre-empt security breaches. In the first quarter, adjusted revenue from Cylance was $51-million, above the average analyst estimate of $48.8-million. Story continues below advertisement Waterloo, Ontario-based BlackBerry, once known for its phones, has pivoted to selling software such as those used in mobiles and by automakers, and more recently supplying technology to c
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