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BlackBerry posts second-quarter net loss

Published 2019-09-24, 07:07 a/m
© Reuters.  BlackBerry posts second-quarter net loss
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Sept 24 (Reuters) - Canada's BlackBerry Ltd BB.TO BB.N reported a loss for the second quarter on Tuesday, compared to a profit a year earlier, as the company spent heavily to integrate recently acquired Cylance into its suite of products.

Waterloo, Ontario-based BlackBerry, once known for its phones, said net loss was $44 million in the quarter ended Aug. 31, compared to a profit of $43 million a year earlier. revenue rose about 16% to $244 million.

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