BlackBerry reports surprise profit on cybersecurity strength

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BlackBerry reports surprise profit on cybersecurity strength
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BlackBerry reports surprise profit on cycbersecurity strength

:BlackBerry posted a surprise profit for the first quarter on Wednesday as its cybersecurity business benefited from higher client spending, while its enterprise software continued to gain traction in automotive sector.The Canadian technology company is banking on resilient demand for its cybersecurity products on rising security threats in the information technology sector.

Its total revenue of $373 million topped analysts' average estimate of $160.4 million, according to IBES data from Refinitiv. BlackBerry, which went public in 1997 and soon became popular for its ubiquitous business smartphones, shut its flagship business last year and has since been trying to sell its legacy patents related to its mobile devices.

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