In
February, BlackBerry completed its acquisition of
California-based Cylance, whose software uses machine learning
to preempt security breaches.
BlackBerry's adjusted revenue rose 23% to $267 million in the
first quarter, beating the average analyst estimate of $265
million, according to IBES data from Refinitiv.
The company's net loss narrowed to $35 million, or 9 cents per
share, in the quarter ended May 31, from $60 million, or 11
cents per share, a year earlier.
Excluding one-time items, the company earned 1 cent per share,
in line with analysts' estimates.
(Reporting by Debroop Roy in Bengaluru; Editing by Maju Samuel)
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