BlackBerry Ltd Actually Rises After Earnings

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BlackBerry Ltd Actually Rises After Earnings
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BlackBerry Ltd (NASDAQ:BBRY) released its first quarter earnings report before opening bell, breaking even on an adjusted basis with $400 million in revenue. Analysts had been expecting losses of 9 cents per share and $470.94 million in revenue. Despite the revenue miss, BlackBerry shares rose in premarket trading as management guided for losses to be not as bad as expected.

BlackBerry software revenue hits new record

The company reported that 39% of the non-GAAP revenue in the quarter was from software services, 25% was for service access fees and 36% was for mobility.

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