BlackBerry ups yearly revenue outlook

BlackBerry has raised its revenue forecast for 2027 after recording a record growth in its QNX software business, which provides vital software for the automotive, medical device, and industrial application sectors. The QNX division achieved a record quarterly revenue of 27%, reaching $80.3 million in the second quarter of August, with its software being used in vehicles from companies such as Audi, Mercedes-Benz, General Motors, and Hyundai. The company is moving toward expanding its automotive software applications based on software-defined vehicle architectures, with revenue projections now ranging from $616 million to $636 million for 2027, up from previous estimates. Additionally, BlackBerry signed a contract with Cortura to supply it with QNX software, which could add more than $100 million to its licensing income.

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