(Reuters) – BlackBerry Ltd (BB.TO)(BBRY.O) posted a surprise quarterly profit on Friday and said it is pushing to end a slide in its revenue in this fiscal year, sending the stock up as much as 5.1 percent.
Chen plans to grow BlackBerry’s small but high-margin software division by moving more customers onto its products, including a system that allows companies and government agencies to manage multiple employee devices.
Chen said while the average analyst estimate of a small per-share loss in the current quarter looks reasonable “we do intend to do better.”
Waterloo, Ontario-based BlackBerry reported net profit of $28 million, or 5 cents a share, in the fourth quarter ended Feb. 28. That compared with a year-earlier loss of $148 million, or 28 cents a share.