(Reuters) -BlackBerry Ltd on Thursday posted a net profit in the fourth quarter compared to a year-ago loss, helped by higher sales and improvement in the Internet of Things (IoT) business unit.
The Canadian security-software provider and former mobile phone-maker’s net income came in at $144 million in the quarter ended Feb. 28, while it posted a $315 million net loss last year.
U.S.-listed shares of the company rose 2.3% in extended trading.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Shailesh Kuber)
