BlackBerry beats revenue estimates as it reaps the rewards of Cylance acquisition

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BlackBerry’s adjusted revenue rose 23 per cent to US$267 million in the first quarter, beating the average analyst estimate of US$265 million

Software maker BlackBerry Ltd. on Wednesday beat analysts’ expectations for quarterly revenue, as it benefited from its recent $1.4 billion bet on cybersecurity firm Cylance.

In the first quarter, adjusted revenue from Cylance was US$51 million, above the average analyst estimate of $48.8 million.

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