BlackBerry beats profit estimates as software business steadies
BlackBerry, which reinvented itself after customers ditched its smartphones for Apple`s iPhones and Android devices, said revenue from its enterprise software and services business came in at $108 million, up from $91 million last year. Gross margins rose to 76 percent in the quarter from 60.1 percent last year
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Excluding one-time items,BlackBerry earned 5 cents per share. Analysts on average had expected the company to break even. Image source: Reuters