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Company News

BlackBerry quarterly revenue rises 18%

Dec 20 (Reuters) - Canada’s BlackBerry Ltd reported an 18% rise in third-quarter revenue on Friday, helped by increase in demand for its cybersecurity software.

The company reported a net loss of $32 million for the third quarter ended Nov. 30, compared with a profit of $59 million, a year earlier.

On a per share basis, BlackBerry’s loss widened to 7 cents from 1 cent, a year earlier.

Revenue rose to $267 million from $226 million. (Reporting by Amal S in Bengaluru; Editing by Vinay Dwivedi)

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