BlackBerry Posts Fourth-Quarter Profit on Licensing and IP Boost

BlackBerry Posts Fourth-Quarter Profit on Licensing and IP Boost
Canada's BlackBerry revealed a final quarter benefit on Friday contrasted and a year-prior misfortune, profiting by a 71 percent ascend in its authorizing and IP income as it petitioned for more licenses for its advances.

Permitting and IP income, which likewise incorporates giving out licenses for BlackBerry's current licenses to different organizations, rose to $99 million (generally Rs. 685 crores) in the final quarter finished February 28, from $58 million every year sooner.

The organization, which ruled the cell phone showcase about 10 years prior before missing out to Apple Inc's iPhones and Android gadgets, has been attempting to win financial specialist certainty and make cash by pitching programming to oversee cell phones to enterprises and government offices.

BlackBerry's net benefit was $51 million, or 8 pennies for every offer, in the quarter, contrasted and lost $10 million, or 6 pennies for each offer, a year back.

Income rose to $255 million from $233 million.

US-recorded offers of the organization rose 4.7 percent to $9.30 before the opening chime.
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