Summary by Moomoo AI
BlackBerry Limited reported its financial results for the second quarter ended August 31, 2024. The company saw an increase in revenue to $145 million, up from $132 million in the same quarter the previous year, marking a $13 million improvement. Gross margin also rose to $94 million from $85 million, while operating expenses decreased from $132 million to $115 million. Despite these improvements, BlackBerry experienced a net loss of $19 million, or $0.03 per share, which is an improvement from the $42 million net loss, or $0.07 per share, reported in the prior year's quarter. The company's business development efforts have been focused on its two core divisions, Cybersecurity and IoT, with significant achievements in product innovation and strategic partnerships. BlackBerry QNX added QNX Containers, CylanceMDR Pro was launched, and CylanceENDPOINT...Show More
