Blackberry (TSE:BB) has released an update.
BlackBerry Limited has reported a strong close to its fiscal year 2024, with impressive year-over-year revenue growth in both its IoT and Cybersecurity divisions. The IoT division not only achieved a record revenue quarter but also reported a substantial increase in its QNX royalty backlog, while the Cybersecurity division showed signs of stabilization and incremental growth. The company is on a positive trajectory towards cash flow and adjusted EBITDA profitability for FY25, underscored by a significant reduction in operating cash usage.
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