BlackBerry says cybersecurity revenue will be lower than expected as some large deals not completed

The company, which keeps its books in U.S. dollars, also said it expects to take a one-time, non-cash charge of up to US$440-million in its fourth quarter related to its Spark security business.

In a preliminary look at its results for the quarter ended Feb. 28, BlackBerry says it expects total revenue of about US$151-million. Revenue from its internet of things business is expected to be about US$53-million, while cybersecurity revenue is expected to be about US$88-million. Licensing and other revenue is expected to be approximately US$10-million.

For its full financial year, BlackBerry says it expects total revenue of about US$656-million with IoT revenue of about US$206-million and cybersecurity revenue of about US$418-million. Licensing and other revenue for the full year is expected to be about US$32-million. BlackBerry is scheduled to release its full financial results on March 30 when it will also provide its outlook for the year.

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​BlackBerry says cybersecurity revenue will be lower than expected - BNN BloombergBlackBerry says it expects its fourth-quarter and full-year revenue for its cybersecurity business to be lower than expected as some large deals that were expected to close in the quarter were not completed in time.
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