Cybersecurity and Internet-of-Things company BlackBerry Ltd. late Tuesday reported quarterly results that topped Wall Street expectations, although shares did little in after-hours trading.
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Revenue declined to $169 million from $184 million in the year-ago quarter.
Analysts surveyed by FactSet had forecast a loss of 8 cents a share on revenue of $164 million.
“Our IoT business has strong momentum and delivered a record quarter for design phase revenue, driven largely by design wins in core safety-critical auto and general embedded domains,” said John Chen, BlackBerry’s chief executive and chairman, in a statement. “It was also a strong quarter for product development, including a significant announcement with [Amazon Web Services] for QNX to be made available in the cloud.”
Shares declined less than 1% after hours, following a 1% gain in the regular session to close at $4.15.
