BlackBerry’s Chen Says Sales Are Bottoming Out in Turnaround
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BlackBerry Ltd. Chief Executive Officer John Chen said revenue is nearing a bottom as he proceeds with his turnaround, including selling more software to professional customers.
The company reported Friday a surprise fourth-quarter profit of 4 cents a share after cutting costs, while sales slid 32 percent to $660 million from a year earlier. Three years earlier, BlackBerry posted revenue of more than $5 billion.