BlackBerry shows remarkable recovery in the second quarter

The Canadian software company BlackBerry achieved a remarkable turnaround in the second quarter of the current fiscal year, recording a net profit of 13.3 million USD after having reported losses the previous year. This translates to a profit of 2 US cents per share. Adjusted for certain expenses such as stock option costs and restructuring costs, the EPS comes to 4 US cents. Revenue of 129.6 million USD significantly contributed to the positive result and underscores the company's progress in the cybersecurity and software solutions sector. For the current quarter ending in November, BlackBerry is aiming for earnings per share between 2 and 4 US cents. Revenue is expected to be between 132 million and 140 million USD. Looking at the full year, BlackBerry anticipates earnings per share between 11 and 15 US cents with revenue ranging from 519 to 541 million USD. A remarkable increase in share value completes the picture: while the share was valued at 2.45 USD a year ago, it recently closed at 4.27 USD.