Canadian technology company BlackBerry Ltd. (T.BB) disappointed in its latest quarter, posting a loss of $44 million U.S., or eight cents per basic share.
BlackBerry also reported that revenue grew 16% in the quarter that ended on August 31 compared with a year ago. BlackBerry keeps its books in U.S. dollars.
The latest quarterly loss compares with a profit of $43 million, or eight cents per share, posted a year earlier. Revenue in what was BlackBerry's fiscal second quarter grew to $244 million, up from $210 million in the same quarter of 2018.
The recently acquired Cylance operation contributed $35 million in revenue, which was partly offset by declines in BlackBerry's other revenue streams. On an adjusted basis, BlackBerry reported it broke even on a per share basis.
Analysts had expected the company to break even, according to financial markets data firm Refinitiv.
