BlackBerry's CEO expects software revenue at the tech company to double next year from about $250 million this fiscal year.
On Friday, BlackBerry reported a smaller quarterly loss in an early sign that its drawn-out turnaround efforts might be working.
After the earnings announcement, the company's shares initially rose in pre-market trading but later fell. (Get the latest quote here.)
The Waterloo, Ontario-based company reported a net loss of $207 million, or 39 cents per share, for the second quarter ended Aug. 30. That compared with a year-earlier loss of $965 million, or $1.84 per share.
Excluding items, the company posted a second-quarter loss of 2 cents a share, compared to a loss of 47 cents per share in the year-earlier period.
Revenue decreased to $916 million from $1.57 billion a year ago.
Analysts had expected the company to report a loss ex-items of 16 cents a share on $950 million in revenue, according to a consensus estimate from Thomson Reuters.