Friday, 24 March, 2023

BlackBerry Suffers as Decline In Revenue For A Second Quarter

<p>Due to consumers&#39; reduced spending from&nbsp;the macroeconomic environment&#39;s uncertainty, BlackBerry reported a decline in cybersecurity revenue for the second quarter.&nbsp;The company has been up against stiff competition from Microsoft, Citrix Systems, and IBM, with revenue in the unit declining 7.5% to $111M USD from a year ago.&nbsp;Revenue at the IoT unit rose about 28% to $51M as it signed up more customers.</p>