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 - Copyright Mark Blinch(Reuters)

By Reuters

Published on 24/09/2019 - 13:34 GMT+2•Updated 07/09/2024 - 23:53 GMT+2

Comments

(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.