BlackBerry Shares Down 2% Despite Q2 Beat

This post was originally published on this site

“Our IoT business continues to gain market share, and design-phase revenue remained at near-record levels,” said John Chen, Executive Chairman & CEO of BlackBerry. IoT business revenue came in at $51 million and Cybersecurity revenue came in at $111 million.

The company is expected to discuss its full 2023-year outlook during its earnings conference call.

By Davit Kirakosyan