By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: BlackBerry Posts Another Quarterly Loss as Revenue Slides
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
News

BlackBerry Posts Another Quarterly Loss as Revenue Slides

srijita
Last updated: 2016/12/22 at 6:36 AM
By srijita 2 Min Read
Share
SHARE

BlackBerry Posts Another Quarterly Loss as Revenue Slides

BlackBerry posted another loss and a 47.3 percent fall in third-quarter revenue on Tuesday as the software growth it is relying on failed to make up for shrinking handset sales and lost service fees.

The Waterloo, Ontario-based company said it had a net loss of $117 million (roughly Rs 796 crores), or 22 cents a share, on revenue of $289 million. A year ago, it reported a net loss of $89 million, or 17 cents a share, on revenue of $548 million.

Excluding one-time items, the company said it earned 2 cents a share.

Earlier this week, BlackBerry said it plans to invest CAD 100 million ($75 million) in a new autonomous vehicle testing hub over several years, the company’s chief executive said on Monday, as the fallen smartphone pioneer looks elsewhere for growth.

Most of the money will go to engineering jobs, possibly hundreds in coming years, John Chen told reporters at the Ottawa-area headquarters of its BlackBerry QNX subsidiary, with Prime Minister Justin Trudeau at his side.

The company, which is racing to increase software sales as its handset unit and related legacy service access fees shrink, hopes to make itself indispensable in the automotive industry’s looming self-driving arms race.

“One could make the argument that QNX is the strongest asset in their portfolio right now, so it’s refreshing to see this investment,” said IDC’s consumer mobility analyst Brian Haven.

But he said scaling the business and dealing with rivals with more money to throw at autonomous driving initiatives would be challenges for the company.
[“source-ndtv”]

You Might Also Like

Hispanic Heritage Month: Working together to shape the future of remittances

How Google’s AI can help transform health professions education

Certified AC Technicians in Ocala: Your Local Cooling Experts

Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business

What Should My Video Game Room Have?

TAGGED: another, as, BlackBerry, Loss, Posts, Quarterly, Revenue, Slides
srijita December 22, 2016
Share
Previous Article Sony Xperia X, Xperia X Compact Now Receiving Android 7.0 Nougat Update
Next Article Harley-Davidson India Leads Market For Sixth Consecutive Year

Calendar

October 2025
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728293031 
« Sep    

Latest Trending News

  • Hispanic Heritage Month: Working together to shape the future of remittances October 7, 2025
  • 2024 Hyundai Alcazar Review – 6-seater 1.5L Signature September 24, 2025
  • Luxury SUVs are a bit of a rage September 22, 2025
  • New Car Prices in India After GST 2.0: Tata, Maruti, Hyundai, Mahindra & More September 18, 2025
  • The Ferrari 849 Testarossa Combines Power and Tradition September 13, 2025
  • User Review of FZ S Hybrid September 10, 2025
  • Lexus Cars Get Cheaper after GST 2.0: Check Full Price List September 9, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?