BlackBerry Reports Strong Performance and Record Q4 2024 Results

Thursday, 4 April 2024, 00:15
BlackBerry delivered a solid quarter, setting new records and exceeding expectations. The IoT business achieved its best-ever quarter for revenue and year for adding new royalty backlog. Cybersecurity division saw growth in ARR and revenue. Cost-saving measures are underway to drive efficiency and profitability. The company is focused on splitting into two profitable divisions and continues to show a positive outlook for the future.
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BlackBerry Reports Strong Performance and Record Q4 2024 Results

BlackBerry (BB) Q4 2024 Earnings Call Transcript

Prepared Remarks

BlackBerry CEO John Giamatteo and CFO Steve Rai discuss the strong performance of the company in Q4 2024 earnings call, highlighting record achievements in IoT and cybersecurity divisions.

  • IoT business recorded highest-ever royalty backlog.
  • Cyber division saw growth in ARR and revenue.
  • Focused cost-saving measures to drive efficiency and profitability.

Conclusion

BlackBerry continues on a path of growth and profitability with a strong focus on innovation and cost efficiency.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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