Category: BlackBerry

BlackBerry Warns of Economic Impact on Cybersecurity Business

BlackBerry Ltd (BB.TO), said on Tuesday the sales cycles for its cybersecurity software have become longer and it expects the current macroeconomic environment to pose more challenges in the near term. The Canadian technology company said revenue from the cybersecurity business would remain flat in the first half of 2023, but grow in the latter half…


BlackBerry Takes a Knock as Cybersecurity Revenue Drop Clouds Automotive Demand

Canada’s BlackBerry Ltd. on Tuesday reported a fall in cybersecurity revenue for the second quarter, as customers reined in spending due to an uncertain macroeconomic environment, sending its shares down about 3 percent in extended trading. The company has also been facing tough competition from Microsoft Corp., Citrix Systems, and International Business Machines in the…


Classic BlackBerry Devices Will No Longer Work After Jan. 4, Marking End of an Era

Classic BlackBerry devices running on OS 7.1 or earlier will no longer be supported after Jan. 4, meaning the phones will effectively be rendered useless. The company reminded customers of the change in a notification on Dec. 22. “As a reminder, the legacy services for BlackBerry 7.1 OS and earlier, BlackBerry 10 software, BlackBerry PlayBook OS 2.1 and…


BlackBerry Beats Quarterly Revenue Estimates on Strong Cybersecurity Demand

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. The rise of…


BlackBerry Beats Quarterly Revenue Expectations on Cybersecurity Boost

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…