BlackBerry Ltd said on Tuesday its revenue slide began to ease and its turnaround gained traction as revenue from its crucial software segment rose in the first quarter, sending its shares soaring 8.6 percent.
Canadian handset maker BlackBerry believes it is "well-positioned" for the multi-billion dollar Indian enterprise market armed with smartphones across multiple price points and end-to-end mobility solutions.
BlackBerry Ltd is buying a privately held German firm that specializes in voice and data encryption, it said on Tuesday, in a bid to burnish its credentials with highly security-conscious clients like government agencies.
"I want to assure you that I have no intention of selling off or abandoning this business any time soon... Our focus today is on finding a way to make this business profitable," BlackBerry CEO John Chen said.
BlackBerry Tuesday unveiled a new lineup of products -- the sub-USD 200 'Z3' (Rs 12,400) and Q20 -- to help revive its sagging fortunes as it faces stiff competition from rivals like Apple and Samsung.
The full-fledged keyboard made BlackBerry a success, but after focusing on software keyboards which failed to make a hit with customers, Chen said that the company's next phones would mostly feature the good old hardware keyboards.
Struggling smartphone maker BlackBerry Ltd has hired a former Sony Ericsson executive to head its loss-making devices business, a job needing a heavy dose of salesmanship to win back companies and consumers lured away by larger rivals.