BlackBerry jumped the most in six months after fourth-quarter results surpassed analysts’ estimates, boosted by strong gains in licensing revenue, according to Bloomberg.
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.
Software and services revenue, a key growth metric, hit a record $248 million on an adjusted basis, according to a statement. That’s up 14 percent from a year earlier. Under CEO John Chen, BlackBerry left its phone-making days behind, pegging its new identity to security software.
The company expects revenue to grow between 23 percent and 27 percent in fiscal year 2020, driven by a double-digit increase in billings, Chen said on the earnings call. BlackBerry’s BTS segment, which includes its autonomous vehicle technology, is set to grow faster than the company’s content management software business, according to Chen.
When the largest amusement park in Germany, Europa-Park, began constructing its new Croatia area, it found inspiration in Rimac hypercars and technology for its new rollercoaster – the Voltron Nevera Powered by Rimac.
Following the end of the public delisting acquisition offer for Telefónica Deutschland, Telefónica holds approximately 96.85% of the shares in its German subsidiary.
Infobip Shift Miami, the American version of the Croatian developer conference, this week brought together a diverse technology-sector audience on the shores of Florida.
