BlackBerry reports Q3 adjusted EPS (5c), consensus (7c)

Reports Q3 revenue $169M, consensus $168.73M. "This quarter we saw good progress in both of BlackBerry’s business units," said John Chen, Executive Chairman & CEO, BlackBerry. "Our IoT business has strong momentum and delivered a record quarter for design-phase revenue, driven largely by design wins in core safety-critical auto and general embedded domains. It was also a strong quarter for product development, including a significant announcement with AWS for QNX to be made available in the cloud. BlackBerry IVY is progressing well, with positive engagement following product demonstrations at both Bosch Connected World and AWS’s re:Invent conference during the quarter. In our Cybersecurity business, the rebuilding continues to gain momentum. In line with the path outlined last quarter, churn improved and there was further evidence that investments in go-to-market and the product portfolio will drive further sequential improvements and progress towards a return to ARR growth next fiscal year."