BlackBerry warns of economic impact on cybersecurity business

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BlackBerry said revenue from the cybersecurity business would remain flat in the first half of 2023, but grow in the latter half of the year

said on Tuesday the sales cycles for its cybersecurity software have become longer and it expects the current macroeconomic environment to pose more challenges in the near term.

Cybersecurity businesses have not been as affected by economic swings compared to other software sectors that are grappling with clients’ lower spending budgets amid rising costs. Growth in the electric vehicles industry and adoption of connected-car and other safety technologies boosted sales of BlackBerry’s automotive and embedded technology products.

 

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I'm not too worried, they can break into my safe! It's the kabillionaires that need to worry! People that are used to hoarding resources and monies! Not the hard-working middle class, our safes are empty.

Lol BlackBerry? 😂 they still around? I do miss my Bold keyboard as autocorrect is creating havoc in my day

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