BlackBerry Q2 profit rises on back of software sales

[TORONTO] BlackBerry posted a rise in second-quarter adjusted profit on lower revenue on Thursday as sales at its closely watched software business hit a record.

The Canadian company, which last year stopped manufacturing the iconic BlackBerry smartphone to focus on software, reported adjusted operating income of US$29 million, or 5 US cents a share, for the quarter ended Aug 31, compared with US$16 million, or break even, a year earlier.

Revenue fell to US$249 million, down from US$352 million a year ago and up slightly from US$244 million in the prior quarter.

REUTERS