BlackBerry Reports US$19 Million Q2 Loss Amid Revenue Growth

Company sees improved financial performance with increased revenue and reduced costs.

• BlackBerry Ltd. reported a net loss of US$19 million for the second quarter, down from US$42 million a year earlier.
• Revenue for the quarter ended August 31 was US$145 million, an increase from US$132 million in the same period last year.
• Both the cybersecurity and Internet of Things divisions experienced double-digit revenue growth, contributing US$87 million and US$55 million, respectively.
• The company has made significant progress in reducing operating expenses, which fell to US$99 million from US$114 million a year ago.
• BlackBerry is advancing its plan to split its cybersecurity and Internet of Things divisions, with substantial progress reported on the separation.

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