BlackBerry’s revenue outperforms in the areas of automotive technologies, cyber cars

BlackBerry Inc said revenue is from a business segment that includes auto products and auto technologies that allow cars to access the Internet.

Revenue from the company’s cybersecurity segment, which is the largest, rose 6 percent to $113 million as more companies migrated to cloud platforms that support pandemic-fueled rendering to work after, and revenue fell 3.4 percent to $168 million for the quarter ended 31 May, but it beat the average analyst destination of $160.7 million, according to Refinitiv’s IBES data.

The net loss widened to $181 million, or 35 cents a share, from $62 million, or 11 cents a share, a year earlier, and excluding items, BlackBerry reported a rental of 5 cents per share, in line with analyst estimates.