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BlackBerry CEO explains company’s evolution from smartphones to software
Fox Business • • business
Key Points:
- BlackBerry, once known for its smartphones, has transformed under CEO John Giamatteo into a software company specializing in automotive software and secure communications for governments and critical organizations.
- The company's QNX embedded software is now used in over 275 million vehicles, and its secure communications technology is employed by 18 of the G20 countries.
- Financially, BlackBerry reported a 26% revenue increase to $163.3 million in Q2 fiscal 2027, with adjusted EBITDA rising 81% to $47 million and QNX revenue hitting a record $80.3 million.
- Giamatteo emphasizes a focused business strategy of simplifying operations and excelling in fewer areas, combined with a data-driven management style involving daily review of key performance indicators.
- Drawing on his extensive technology industry experience and international exposure, Giamatteo advises professionals to step out of their comfort zones and prioritize networking to foster career growth.
