BlackBerry warns of lower revenue for cybersecurity business amid ‘macro’ challenges | Globalnews.ca

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BlackBerry warns of lower revenue for cybersecurity business amid ‘macro’ challenges

In a preliminary look at its results for the quarter ended Feb. 28, BlackBerry says it expects total revenue of about US$151 million. Revenue from its internet of things business is expected to be about US$53 million, while cybersecurity revenue is expected to be about US$88 million. Licensing and other revenue is expected to be approximately US$10 million.

BlackBerry is scheduled to release its full financial results on March 30 when it will also provide its outlook for the year.

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