BlackBerry Exceeds Q1 FY25 Revenue Estimates with Strong Cybersecurity Demand, Post Market: +7%

BlackBerry reported stronger-than-expected Q1 FY25 revenue, driven by robust demand for its cybersecurity services. The company posted a revenue of $144 million, with an adjusted EPS of ($0.03), beating market estimates. Notably, BlackBerry's IoT revenue grew by 18% year-over-year, reaching $53 million. The company also reported a smaller loss than anticipated, indicating progress towards profitability. Post Market: +7%.