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Licensing, cybersecurity power BlackBerry's beat, shares rise 10%

Licensing, cybersecurity power BlackBerry's beat, shares rise 10%

Saturday, December 21, 2019, 8:39 AM

Canada's BlackBerry Ltd beat quarterly profit and revenue estimates on Friday, boosted by demand in its patent licensing and cybersecurity businesses, sending its shares up 10% to a nine-month high. BlackBerry, once popular for its phones before losing out to Apple Inc's iPhones and Android devices, now offers data security software for corporations and government agencies, and software for driverless cars.
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