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Blackberry’s Transition To A Higher-Margin Software Company Is Paying Off

Blackberry’s Transition To A Higher-Margin Software Company Is Paying Off

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BlackBerry’s transition to a higher-margin software company from ailing smartphone maker is paying off as the company boosted its fiscal 2017 earnings outlook and posted a profit in the third quarter.

BlackBerry now gets more than half of total revenue from its collection of software products, which include operating systems for car entertainment systems, secure file sharing software and programs to help companies keep track of their mobile devices.

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