CANADA'S BlackBerry beat first-quarter revenue estimates on Wednesday, driven by a resilient demand for cybersecurity services in the wake of growing online threats.Over the past few months, companies such as the car industry technology provider CDK, UnitedHealth Group's Change Health care unit and Live Nation Entertainment's Ticketmaster unit faced large-scale data breaches.
The Waterloo-based company's quarterly revenue stood at $144 million, beating analysts' average estimate of $134.1 million, according to LSEG data.The company reported an adjusted net loss of 3 cents per share for the quarter ended May 31, compared with analysts' average estimate of a loss of 4 cents.BlackBerry expects second-quarter revenue in the range of $136 million to $144 million, whose midpoint is below analysts' estimate of $142.4 million.