BlackBerry Ltd. BB-T reported a second-quarter profit of US$13.3-million compared with a loss of US$19.7-million a year earlier and raised its guidance for its full year.
The software company, which keeps its books in U.S. dollars, said Thursday its profit amounted to two cents US per diluted share for the quarter ended Aug. 31 compared with a loss of three cents US per diluted share in the same quarter last year.
On an adjusted basis, BlackBerry says it earned four cents US per share for the quarter compared with zero cents US per share a year earlier.
Revenue for the company’s latest quarter totalled US$129.6-million, up from US$126.2-million a year earlier. The increase came as its QNX segment revenue rose to US$63.1-million, up from US$54.7-million a year ago, while secure communications revenue fell to US$59.9-million compared with US$66.5-million. Licensing revenue amounted to US$6.6-million, up from $5.0-million a year earlier.
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In its outlook for its full year, BlackBerry says it now expects full year revenue of US$519-million to US$541-million, up from earlier guidance for US$508-million to US$538-million.
The company also raised its guidance for its adjusted earnings per share for its full year to between 11 cents US and 15 cents US, up from earlier expectations for between eight cents US and 10 cents US.