BlackBerry forecasts upbeat quarterly revenue, says turnaround complete

BlackBerry on Thursday forecast first-quarter revenue above estimates, as the Canadian software company’s turnaround gains traction on the back of strong demand across its cybersecurity and embedded software divisions.

U.S.-listed shares of the company jumped more than 10% in premarket trading.

The company, once a dominant force in smartphones, has over recent ‌years pivoted ⁠to software ⁠for connected devices and autonomous vehicles. It said it has now completed its turnaround plan and emerged with a stronger balance sheet.