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BlackBerry Restricted (NYSE: BB) has reported a revenue for the primary quarter of 2024, on an adjusted foundation, in comparison with a loss final yr. The tech agency’s revenues greater than doubled through the quarter.
Complete revenues elevated sharply to $373 million within the first quarter from $168 million within the corresponding interval of 2023. A pointy enhance in Licensing & Different income greater than offset weak spot within the different companies.
The corporate reported adjusted earnings of $0.06 per share for the quarter, in comparison with an adjusted lack of $0.05 per share a yr earlier. On an unadjusted foundation, it was a internet lack of $11 million or $0.02 per share, in comparison with a lack of $181 million or $0.35 per share within the first quarter of 2023.
“This quarter we delivered sequential income development in our Cybersecurity enterprise unit. Income development was pushed by a year-over-year enhance in billings and pipeline, anchored on power in our core verticals, significantly authorities,” mentioned John Chen, CEO of BlackBerry.
Prior Efficiency
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