BlackBerry Ltd. says it uncovered another US$55 million in cost savings in its latest quarter, when it reported a US$56 million loss.On a Wednesday call to discuss the Waterloo, Ont.-based technology company's latest financial results, he said there's a number of structural items, ranging from legal entity structures to simplifying IT systems and back office infrastructure, that the company can undertake.
Revenue from its Internet of Things business marked a new quarterly record of US$66 million, up from US$53 million in the prior fourth quarter. Giamatteo said the company is still working on its strategy to establish two profitable stand-alone divisions and has appointed several finance, human resources and legal leaders to build out teams for each division.
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BlackBerry reports US$56 million loss in Q4, revenue hits US$173MBlackBerry Ltd. says it lost US$56 million in its latest quarter, compared with a loss of US$495 million a year ago.
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BlackBerry Reports US$56 Million Loss in Latest QuarterBlackBerry Ltd. says it lost US$56 million in its latest quarter, compared with a loss of US$495 million a year ago. The Waterloo, Ont.-based technology company, which reports its earnings in U.S. dollars, says the fourth-quarter loss amounts to 10 cents US per diluted share compared with a loss of 85 cents US per diluted share a year earlier. BlackBerry says its revenue for the quarter ended Feb. 29 was US$173 million compared with US$151 million in the prior year's fourth quarter. Revenue from its internet of things business came in at US$66 million, up from US$53 million in the prior fourth quarter.BlackBerry's cybersecurity revenue totalled US$92 million, up from the US$88 million seen a year earlier. In recent months, BlackBerry has been working to separate its Internet of Things and cybersecurity divisions from one another.
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Why director Matt Johnson made 'Blackberry'Matt Johnson has been riding a wave of accolades for his dark comedy “BlackBerry,” which became the most nominated film in the history of the Canadian Screen Awards last week.
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BlackBerry CEO sexually harassed senior employee, lawsuit claimsA former BlackBerry Ltd. employee has filed a lawsuit against the company and its new chief executive John Giamatteo, who she claims sexually harassed her...
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