BlackBerry posts fourth-quarter profit

BlackBerry posted a fourth quarter profit. (Reuters picture)

BANGALORE: Canada’s BlackBerry Ltd reported a fourth-quarter profit on Friday compared with a year-ago loss, benefiting from a 71% rise in its licensing and IP revenue as it filed for more patents for its technologies.

Licensing and IP revenue, which also includes handing out licenses for BlackBerry’s existing patents to other companies, rose to US$99 million (RM404 million) in the fourth quarter ended Feb 28, from US$58 million (RM236 million) a year earlier.

The company, which dominated the smartphone market nearly a decade ago before losing out to Apple Inc’s iPhones and Android devices, has been trying to win investor confidence and make money by selling software to manage mobile devices to corporations and government agencies.

BlackBerry’s net profit was US$51 million (RM208 million), or 8 cents per share, in the quarter, compared with a loss of US$10 million (RM40million), or 6 cents per share, a year ago.

Revenue rose to US$255 million (RM1 billion) from US$233 million (RM950 million).

US-listed shares of the company rose 4.7% to US$9.30 (RM37.96) before the opening bell.