BlackBerry beats quarterly revenue estimates

FILE PHOTO: The Blackberry logo is seen on a smartphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Canada's BlackBerry Ltd beat analysts' estimates for second-quarter revenue on Tuesday, powered by demand for its QNX automotive software from automakers betting on more connected vehicles.

BlackBerry's QNX software is now embedded in over 215 million vehicles worldwide, it said, helped by surging demand for electric vehicles and connected-car technologies.The company recently added global carmakers such as Ford Motor, General Motors, Hyundai Motor, to its already strong client list of BMW, Honda Motor , Mercedes-Benz and Toyota Motor.Sales in the Internet of things (IoT) unit, which includes the QNX software, rose about 28% to $51 million in the reported quarter.