BlackBerry Lifts Annual Revenue Forecast
BlackBerry raised its full-year revenue forecast after its QNX software business reported record quarterly revenue. The growth was driven by strong demand in the automotive sector and new design wins.
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BLACKBERRY LTD raised its full-year revenue forecast to a range of $616 million to $636 million on Thursday morning after reporting record quarterly software revenue. The upgrade follows a 27% jump in second-quarter QNX division revenue to $80.3 million for the period ended August 31. Investors responded by pushing shares up about 3% in premarket trading.
