Don't Be Fooled by BlackBerry's Fourth-Quarter Revenue Growth
BlackBerry (NYSE: BB) posted double-digit revenue growth and higher-than-expected adjusted earnings per share during its fiscal fourth quarter. But investors should look beyond these apparently encouraging headline numbers. Besides the short-term negative impact of the coronavirus pandemic, the cybersecurity specialist must still deal with significant challenges.
During the fiscal fourth quarter, revenue increased to $282 million, up 11% year over year. But that growth was due to the contribution of the endpoint protection specialist Cylance, which BlackBerry acquired last year for $1.4 billion.
Excluding this acquisition, revenue would have dropped by 5%, from $252 million a year ago to $239 million.
Source Fool.com
