BlackBerry narrows losses post Cylance acquisition

Blackberry

Canada’s BlackBerry Limited has just shared something to lighten the face of its shareholders.

The Canadian enterprise and technology services company said it surpassed its expectation for the quarter reducing its losses.

The uptake in its revenue has been linked to its February acquisition of Cylance, a cybersecurity company that uses AI software to preempt computer breaches.

Net losses for the period fell to $35 million compared to $60 million in the previous year.

Data compiled by Reuters shows that the company’s ‘adjusted revenue rose 23% to $267 million in the first quarter, beating the average analyst estimate of $265 million’

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