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BlackBerry lifts annual revenue forecast on strength in automotive software business
BlackBerry raised its full-year revenue forecast on Thursday after its QNX software business reported record quarterly revenue, driven by growth in automotive and new design wins. US-listed shares of the company rose about 3% in premarket trading. Revenue at BlackBerry’s QNX division, which develops software for safety-critical systems in vehicles, robotics, medical devices and industrial applications, rose 27% to $80.3 million in the second quarter ended August 31. Automotive remains the core of BlackBerry’s business, with the company saying the shift toward software-defined vehicle architect...
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