BlackBerry lowers full-year revenue outlook for internet-of-things business

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BlackBerry cut its revenue outlook for its internet\u002Dof\u002Dthings unit as it continues a review that could lead to a break\u002Dup of its operations. Read on.

BlackBerry Ltd. said it faced delays in closing certain large deals and lowered its full-year revenue outlook for its internet-of-things business.TORONTO — BlackBerry Ltd. expects revenue in its second quarter to total about US$132 million as it says it faced delays in closing certain large deals and lowered its full-year revenue outlook for its internet-of-things business.

The preliminary estimate comes as the company continues a review of strategic alternatives for its portfolio of businesses that could see the company break up its operations.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

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