Cybersecurity
BlackBerry Jumps After Licensing Fuels Quarterly Revenue Gains
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BlackBerry Ltd. jumped the most in six months after fourth-quarter results surpassed analysts’ estimates, boosted by strong gains in licensing revenue.
The former phone maker reported sales of $99 million from its segment that distributes licenses for its existing patents to other businesses. That was a 71 percent increase over the previous year and helped boost total revenue 8 percent on an adjusted basis to $257 million. Shares surged as much as 16 percent to $10.27.