BlackBerry Limited (NYSE:BB) shares are trading higher on Friday.
On April 3, the company reported fourth-quarter FY24 results. Revenue of $173 million came better than $151 million a year ago, beating the consensus of $154.8 million.
According to Benzinga Pro, BB stock has lost over 35% in the past year.
“Despite industry delays to automotive software development programs, our IoT division delivered its strongest ever quarter for revenue, as well as its best year for adding new QNX royalty backlog from design wins that resulted in 27% year-over-year growth to approximately $815 million,” said John J. Giamatteo, CEO, BlackBerry.
IoT revenue reached an all-time quarterly record of $66 ...