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BlackBerry beats quarterly revenue expectations By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: This illustration, taken on February 5, 2020 shows the Blackberry logo displayed on a smartphone and a stock graph. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – Canada’s BlackBerry (NYSE:) Ltd beat Wall Street estimates for second-quarter revenue on Wednesday as hybrid working trends drove demand for its cybersecurity and Internet of Things software products.

For the quarter ending Aug. 31, revenue was $175million, up from $259million a year ago. According to IBES data from Refinitiv, analysts expected revenue of $163.5 millions on an average.

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