BlackBerry Beats Quarterly Revenue Expectations on Cybersecurity Boost

BlackBerry Beats Quarterly Revenue Expectations on Cybersecurity Boost
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:

Canada’s BlackBerry Ltd. beat Wall Street estimates for second-quarter revenue on Wednesday amid strong demand for its cybersecurity and Internet of Things software products.

Firms such as BlackBerry are benefiting from an uptick in demand for cybersecurity and IoT products as more businesses and government organizations shift their operations to the cloud in order to support hybrid working.