BlackBerry Q1 beats estimates as Cylance business rings up $51 million in revenue
Summary
BlackBerry reported its fiscal first quarter financial results on Wednesday and provided a business update as it ingests Cylance. The enterprise mobility and security software provider reported Q1 net loss of $35 million, or 9 cents per share. Revenue from Cylance, the AI-powered security firm BlackBerry acquired for $1.4 billion back in November, was $51 million. BlackBerry CEO John Chen noted on the earnings conference call that the companys integration with Cylance is ahead of schedule, with back-office, personnel, sales and R&D teams almost completely merged. " Meantime, Chen also touted customer momentum for BlackBerry Radar, its asset monitoring service.
Classifications
industries
HealthTech
applications
Web and Content Management
AskAI Classifications
Labels
Enterprise Software
Cybersecurity Software
Embedded Software
Linked Companies
BlackBerry Limited
$500M to $1B
Cylance
$250M to $500M