BlackBerry Beats Quarterly Revenue Estimates on Strong Cybersecurity Demand

BlackBerry Beats Quarterly Revenue Estimates on Strong Cybersecurity Demand
The Blackberry logo is seen on a smartphone in front of a displayed stock graph in this illustration taken on Feb. 5, 2021. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

Canadian software giant BlackBerry Ltd beat Wall Street estimates for third-quarter revenue on Tuesday, helped by strong demand for its cybersecurity services due to the pandemic-led shift to remote working.

Demand for cybersecurity software has been robust as more businesses migrate to cloud-based solutions to support remote work during the COVID-19 pandemic.