Once a leader in the smartphone market, BlackBerry has redirected its focus towards software for connected devices and autonomous vehicles in recent years.
The QNX division of BlackBerry, which offers secure real-time operating systems for essential embedded systems, particularly in the automotive industry, has continued its robust growth, with revenues climbing nearly 26% to $72.3 million for the first quarter ending May 31.
QNX boasts a backlog nearing $1 billion in future royalties.
”We observe that more of our QNX clients are adapting to next-gen software-defined vehicles. They are collaborating closely with us to implement our platform comprehensively to address their requirements, so we see very strong demand,” stated CEO John Giamatteo in an interview with Reuters.
BlackBerry now anticipates full-year 2027 revenue to fall between $594 million and $621 million, up from its previous estimate of $584 million to $611 million.
The company projects annual QNX revenue in the range of $295 million to $312 million, compared to the earlier forecast of $290 million to $307 million.
BlackBerry’s secure communications division, which includes encrypted voice, messaging, and critical event management solutions, experienced a 24% increase in revenue, reaching $73.6 million.
A large portion of the secure communications sector is government-related, and a substantial part of the pipeline is also from government contracts, remarked CFO Tim Foote.
The total revenue for the company amounted to $152.9 million for the first quarter, reflecting a 26% growth from the same quarter last year.
