BlackBerry Ltd , said on Tuesday the sales cycles for its cybersecurity software have become longer and it expects the current macroeconomic environment to pose more challenges in the near term.
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, said on Tuesday the sales cycles for its cybersecurity software have become longer and it expects the current macroeconomic environment to pose more challenges in the near term.
Cybersecurity businesses have not been as affected by economic swings compared to other software sectors that are grappling with clients' lower spending budgets amid rising costs. Growth in the electric vehicles industry and adoption of connected-car and other safety technologies boosted sales of BlackBerry's automotive and embedded technology products.
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