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BREAKING NEWS

BlackBerry posts second-quarter net loss

BlackBerry posts second-quarter net loss
FILE PHOTO: A Blackberry sign is seen in front of their offices on the day of their annual general meeting for shareholders in Waterloo, Canada in this June 23, 2015 file photo. REUTERS/Mark Blinch -
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Mark Blinch(Reuters)
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(Reuters) – Canada’s BlackBerry Ltd <BB.TO> <BB.N> reported a loss for the second quarter on Tuesday, compared to a profit a year earlier, as the company spent heavily to integrate recently acquired Cylance into its suite of products.

Waterloo, Ontario-based BlackBerry, once known for its phones, said net loss was $44 million (35.3 million pounds) in the quarter ended Aug. 31, compared to a profit of $43 million a year earlier.

Total revenue rose about 16% to $244 million.

(Reporting by Debroop Roy and Arunima Kumar in Bengaluru; Editing by Maju Samuel)

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