WATERLOO, Ont. - BlackBerry Ltd. (TSX:BB) says it had US$19 million in net income for its fiscal second quarter, a big swing from the loss reported during the comparable period last year.
The profit amounted to four cents per basic share, reported in U.S. currency. That compared with a year-earlier loss of 71 cents per basic share, or US$372 million in total.
The company, based in Waterloo, Ont., says overall revenue for the three months ended Aug. 31 was US$238 million, down from $334 million in last year's second quarter but up $3 million from the previous quarter ended May 31.
BlackBerry has made a strategic shift to producing mainly software and services over the past few years as its smartphones lost market share to Apple and Samsung.
Software and service revenue was $185 million, a record for BlackBerry and about three-quarters of the total for this year's second quarter.
BlackBerry CEO John Chen says the company's operating margin has improved, reflecting the transformation to a software company.
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