BlackBerry has outlined a new strategy to drive growth and profitability at its 2024 Investor Day. The company expects to reach break-even results by fiscal year 2025 and aims for profitability through FY2026-2027. CEO John Giamatteo highlighted the alignment of the company's IoT and Cybersecurity divisions. BlackBerry is exploring options for its Cylance business, streamlining investments to focus on growth areas such as secure communications and IoT. Following the announcement of upbeat guidance at the investor day, BlackBerry shares rose by 4%.
Sources
The Globe and Mail
BlackBerry looks to offload Cylance unit in effort to grow, make money - and win back investors https://t.co/B4dQwB1goX
Sean SilcoffBlackBerry looks to offload Cylance unit in effort to grow, make money - and win back investors /via @globeandmail https://t.co/G92KZS4Zu5
Reuters BlackBerry exploring options for Cylance business https://t.co/I8V8OUn4PB https://t.co/Q3rkbQOcUx
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