BlackBerry Ltd. reports US$44M Q2 loss, revenue up 16 per cent from year ago

BlackBerry Ltd. reports US$44M Q2 loss, revenue up 16 per cent from year ago
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WATERLOO, Ont. — BlackBerry Ltd. reported a loss of US$44 million in its latest quarter as revenue grew 16 per cent compared with year ago.

The company, which keeps its books in U.S. dollars, says the loss amounted to eight cents per basic share for the quarter ended Aug. 31.

That compared with an profit $43 million or eight cents per share a year ago.

Revenue in what was BlackBerry’s fiscal second quarter grew to $244 million, up from $210 million in the same quarter last year.

The recently acquired Cylance operation contributed $35 million in revenue, which was partly offset by declines in BlackBery’s other revenue streams.

On an adjusted basis, BlackBerry reported it broke even on a per share basis.

Analysts on average had expected the company to break even, according to financial markets data firm Refinitiv.

This report by The Canadian Press was first published Sept. 24, 2019.

Companies in this story: (TSX:BB)

The Canadian Press

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