BlackBerry Posts Surprise Profit, Weak Revenues Remain A Concern

While quarterly revenues fell by around 13.5% sequentially to $793 million, the company posted an adjusted (Non-GAAP) net profit of $6 million compared to an adjusted loss of $11 million during the previous quarter. Over the last year, the company has made meaningful progress in restructuring its business by lowering its headcount and reining in costs, while also reworking its hardware and software strategy. However, BlackBerry still remains a company in transition.