BlackBerry reports US$56 million loss in Q4, revenue hits US$173M

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BlackBerry reports US$56 million loss in Q4, revenue hits US$173M
France Dernières Nouvelles,France Actualités
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BlackBerry Ltd. says it lost US$56 million in its latest quarter, compared with a loss of US$495 million a year ago.

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BlackBerry Reports US$56 Million Loss in Latest QuarterBlackBerry Reports US$56 Million Loss in Latest QuarterBlackBerry Ltd. says it lost US$56 million in its latest quarter, compared with a loss of US$495 million a year ago. The Waterloo, Ont.-based technology company, which reports its earnings in U.S. dollars, says the fourth-quarter loss amounts to 10 cents US per diluted share compared with a loss of 85 cents US per diluted share a year earlier. BlackBerry says its revenue for the quarter ended Feb. 29 was US$173 million compared with US$151 million in the prior year's fourth quarter. Revenue from its internet of things business came in at US$66 million, up from US$53 million in the prior fourth quarter.BlackBerry's cybersecurity revenue totalled US$92 million, up from the US$88 million seen a year earlier. In recent months, BlackBerry has been working to separate its Internet of Things and cybersecurity divisions from one another.
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