BlackBerry’s transformation from struggling smartphone firm right into a burgeoning chief in cybersecurity software program and related vehicles is on monitor.
The corporate now generates greater than 90% of its whole income from software program and companies. And 81% of these gross sales are recurring. In different phrases, BlackBerry is now not topic to the fickle tastes of customers and has hitched its wagon to company clients.
BlackBerry ( reported income and gross sales Friday morning for its newest quarter that topped Wall Avenue’s forecasts. The inventory was up greater than 15% in late morning buying and selling on the information. )
CEO John Chen, chatting with CNN Friday, mentioned the corporate’s greatest successes this quarter had been within the related and autonomous automotive market, with income development of about 30% for the enterprise unit that features the QNX software program enterprise for vehicles.
Chen mentioned BlackBerry is working laborious to win extra clients within the automotive market, pointing to a deal it introduced in January with Chinese language…