Welcome to our dedicated page for Blackberry news (Ticker: BB), a resource for investors and traders seeking the latest updates and insights on Blackberry stock.
BlackBerry Limited (NYSE: BB; TSX: BB) is a leading provider of intelligent security software and services for enterprises and governments globally. Headquartered in Waterloo, Ontario, BlackBerry specializes in cybersecurity, safety, data privacy, endpoint management, and embedded systems. The company's solutions power over 235 million vehicles worldwide, leveraging AI and machine learning to offer innovative and secure technology across various industries.
Once the world's largest smartphone manufacturer, BlackBerry has transitioned into a software company focused on securing the 'Enterprise of Things'. Its core business revolves around providing secure communication and endpoint management solutions, particularly in regulated industries like automotive, medical, and government sectors. The company's flagship enterprise security platform, BlackBerry Secure, integrates endpoint management, encryption, and embedded systems to ensure comprehensive security for organizations.
Recent achievements of BlackBerry include strategic partnerships and new product launches. The company has entered into a three-year agreement with Max-Atlas to integrate BlackBerry Radar® asset tracking technologies into intermodal container chassis, significantly enhancing supply chain logistics. Additionally, BlackBerry has expanded its collaboration with TTTech Auto to integrate the QNX® Operating System with advanced scheduling solutions, addressing the complexities of software-defined vehicles (SDVs).
BlackBerry's financial condition remains robust, with a notable increase in revenue for both its IoT and Cybersecurity divisions. The company reported a record revenue quarter for its IoT division and a stabilized annual recurring revenue (ARR) for its Cybersecurity division. BlackBerry also announced a joint cybersecurity leadership program in Malaysia, aimed at addressing the gender gap in the cyber industry and bolstering the region's cybersecurity capacity.
As part of its ongoing innovation, BlackBerry introduced Cylance Assistant, a generative AI cybersecurity advisor, and CylanceMDR™, a managed detection and response solution. These offerings highlight BlackBerry's commitment to leveraging AI for enhanced threat detection and security operations. The company also continues to receive industry recognition, such as the 2024 Gartner Peer Insights ‘Voice of the Customer’ designation for Unified Endpoint Management (UEM) tools.
For more detailed information and latest updates, visit BlackBerry's official website.
BlackBerry Limited (NYSE: BB) announced that WM Motor has chosen its QNX® Neutrino® Realtime Operating System, QNX® Software Development Platform, and QNX® Hypervisor to enhance the safety of its W6 SUV model. The W6, capable of over 1 million Tera operations per second, is recognized as China's first mass-produced vehicle with autonomous parking features. This partnership aims to bolster WM Motor's development of advanced electric vehicles, integrating cutting-edge technology for improved safety and driving experience.
BlackBerry Limited (NYSE: BB; TSX: BB) announced its participation in virtual investor conferences scheduled for May 2021. Key events include the CIBC Tech & Innovation Conference on May 12, featuring presenters John Wall and Grant Courville discussing BlackBerry's IoT market opportunities. The Needham's 16th Annual Virtual Technology and Media Conference follows on May 18, where Tom Eacobacci will address the Cyber Security market. Replays and registration links are available on the BlackBerry Investors website.
BlackBerry Limited (NYSE: BB) and Carleton University have announced a strategic partnership valued at $21 million USD over five years. This collaboration will enhance the development of embedded software systems by granting access to BlackBerry QNX technology across various sectors, including automotive and IoT. The partnership includes establishing a new research lab at Carleton and providing 600 software development licenses annually to students. This initiative aims to cultivate a skilled workforce and advance research projects while fostering real-world experiences for students.
BlackBerry Limited (NYSE:BB) announced key management changes to enhance its operations. Tom Eacobacci has been promoted to President and COO, also taking on the role of Acting General Manager of the Cyber Security unit. Mattias Eriksson has been appointed as President of the new IoT business unit, effective May 3. The company's focus for fiscal year 2022 is on Software and Services growth, particularly in the Cyber Security and IoT markets, where it aims to leverage its technology to create shareholder value.
BlackBerry Limited and IBM announced a new partnership to enhance security and productivity solutions in Canada. IBM will resell BlackBerry's BlackBerry Spark platform, aimed at enterprises and government organizations. This collaboration aims to address critical business challenges and support digital transformation in a landscape where security and efficiency are paramount. BlackBerry secures over 500 million endpoints globally, including 175 million vehicles, leveraging AI and machine learning for cybersecurity solutions.
BlackBerry Limited (NYSE: BB; TSX: BB) has been chosen by the Government of Canada to address their secure productivity and communications requirements. This selection includes a multi-year agreement through Shared Services Canada, granting public servants access to BlackBerry Spark® unified endpoint management (UEM) and BlackBerry SecuSUITE®. BlackBerry, recognized for its trusted technology, aims to enhance the digital services provided to Canadians. The partnership emphasizes BlackBerry's ongoing role in Canada's digital transformation strategy.
On April 7, 2021, BlackBerry Limited (NYSE: BB) announced that Volvo Group has selected its QNX software as the foundational platform for over 300,000 heavy vehicles annually. This partnership aims to enhance the electronic architecture of future vehicles, supporting advanced features like electrification and autonomous driving. The QNX OS and Hypervisor are certified to the highest safety standards, including ISO 26262:2018 ASIL D. BlackBerry QNX currently powers 68% of the electric vehicle market and is integrated in over 175 million vehicles worldwide.
BlackBerry Limited reported its fourth-quarter fiscal 2021 results, noting non-GAAP revenue of $215 million and GAAP revenue of $210 million. Despite negotiations affecting licensing revenue, non-GAAP earnings per share stood at $0.03, while GAAP reported a loss of $0.56 per share largely due to non-cash adjustments. For the full fiscal year, non-GAAP revenue reached $919 million. BlackBerry achieved significant design wins in the electric vehicle sector, with QNX now partnered with 23 of the top 25 OEMs. The company plans to provide further outlook for fiscal year 2022 in an upcoming earnings call.
BlackBerry Limited (NYSE: BB) has partnered with Scania AB to integrate BlackBerry QNX software into its next-generation heavy vehicles. Scania will utilize BlackBerry's safety-certified OS and hypervisor in three Electronic Control Units, including the digital cockpit and telematics. This collaboration aims to enhance software safety and efficiency for truck operations. BlackBerry QNX is already trusted in over 175 million vehicles worldwide and adheres to several safety standards, showcasing its reliability in the automotive sector.
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