BlackBerry Ltd (BB) Reports Third Quarter Fiscal 2024 Results: Revenue and Margins Increase Due to Strategic…
Total sales: $175 million, with growth in both the IoT and cybersecurity segments. Non-GAAP earnings per share: $0.01, exceeds expectations. Gross margin: Increased to 73%, reflecting improved profitability. Cybersecurity revenue: $114 million, representing a significant sequential and annual increase. IoT revenue: $55 million, showing continued momentum in the automotive sector. Financial situation: Total cash, cash … [Read more…]