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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 electric-vehicle and connected-car technologies have also aided sales of BlackBerry’s QNX software, used by automakers including Volkswagen (DE:VOWG_p), BMW and Ford Motor (NYSE:F).
BlackBerry reported a net profit of $74 million in the third quarter, compared with a loss of $130 million a year earlier.
Revenue fell to $184 million for the quarter ended Nov. 30, from $218 million a year earlier, but beat analysts’ average expectation of $177.25 million, according to IBES data from Refinitiv.
