BlackBerry Ltd. reported losses of US$11 million in its latest quarter, up 93% from a loss of US$181 million a year earlier. Read more.
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The Waterloo, Ont.-based company, which reports in U.S. dollars, says revenue for the first quarter ended May 31 was US$373 million, up 122 per cent from US$168 million during the same quarter last year.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Executive chair and CEO John Chen says in a press release that revenue growth was driven in part by billings, anchored on strength in the company’s core verticals, particularly government.revenue was US$93 million, down from US$113 million a year earlier, while Internet-of-Things revenue was also lower.
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