BlackBerry third-quarter loss shrinks to US$11 million
- BlackBerry Ltd. Reported a loss of US$11 million in its third quarter, down from a loss of $21 million a year earlier.
- Revenue for the quarter was $143 million, a decrease from $152 million in the same quarter last year.
- Diluted loss per share was two cents US, compared to five cents last year, according to BlackBerry.
- CEO John Giamatteo noted a 'significant inflection' in results due to strong revenue in Cybersecurity and Internet of Things divisions.
- BlackBerry signed a deal to sell its Cylance Cybersecurity business to Arctic Wolf.
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