BlackBerry's Resilient Cybersecurity Demand Drives Surprise Quarterly Profit

BlackBerry, the Canadian technology company, has reported a surprise quarterly profit driven by strong demand for its cybersecurity services amid increasing online threats. While overall IT spending has decreased, cybersecurity-related expenditure has remained stable as businesses and governments prioritize strengthening their systems against hackers. BlackBerry plans to separate its IoT and Cybersecurity businesses into fully standalone divisions and simplify its corporate structure to operate independently and profitably. The company expects fourth-quarter revenue in the range of $150 million to $159 million.