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Free From Phones, BlackBerry Posts Profit, Says More to Come

  • Company beat CEO’s goal of increasing software sales by 30%
  • Total adjusted revenue was $297 million in the fourth quarter
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BlackBerry’s Chen Says Company’s Made Progress

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BlackBerry Ltd. is finally starting to look like a real software company.

After three years of acquisitions, layoffs and trying to convince customers it could do more than build smartphones, the Canadian company’s software revenue and profit margins are growing in the way Chief Executive Officer John Chen wants them to. The stock too: It rose the most in 15 months.