BlackBerry lifts annual revenue forecast as QNX unit powers growth, shares rise

June 25 (Reuters) - BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX ‌division following the completion of its turnaround efforts, sending ‌its Toronto-listed shares up around 19%.

Once a powerhouse in the smartphone industry, BlackBerry has ​shifted its focus towards software for connected devices and self-driving vehicles over the past several years.

BlackBerry's U.S.-listed shares also rose about 20% in early trading.

BlackBerry's QNX division, which provides secure real-time operating systems for mission-critical embedded ‌systems most notably in ⁠the automotive sector, has maintained its strong growth trajectory, with revenue surging nearly 26% to $72.3 million during the ⁠first quarter ending May 31.

QNX has a backlog of almost $1 billion in future royalties.

"We see more of our QNX customers are leaning into ​next-generation software ​defined vehicles. They're working with us ​closely to deploy our platform ‌across the board to help them meet those needs, so we actually see really healthy demand," CEO John Giamatteo told Reuters.

BlackBerry now expects full-year 2027 revenue of between $594 million and $621 million, a

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/articles/blackberry-lifts-annual-revenue-forecast-110946622.html)