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Company News

BlackBerry posts quarterly loss

June 22 (Reuters) - BlackBerry Ltd reported a quarterly loss on Friday, compared with a year-ago profit when the Canadian software maker received a one-time arbitration payment of $940 million from chipmaker Qualcomm Inc.

The company’s net loss was $60 million, or 11 cents per share, for the first quarter ended May 31, compared with a profit of $671 million, or $1.23 per share, a year earlier.

Total revenue fell to $213 million from $235 million. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Anil D’Silva)

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