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A primary driver of this transition is its QNX software, which provides safety-certified operating architecture for automotive and industrial systems.
“It’s widely deployed in automotives.
A lot of times it’s not as visible … but it’s critical to establishing safety in the vehicle,” Crane said.
The platform functions behind the scenes to run digital instrument clusters and vehicle console screens.
“Everything in terms of an infotainment centre, console or music console, that’s all built on top of QNX’s capabilities, which focuses on safety,” he explained.
The latest financial results marked the first quarter in nine years that the software business generated positive operating cash flow.
“I think the market is telling you that they’re back,” Crane said.
The company's software transformation has driven an ongoing stock market rally, gaining over 170% year-to-date.
“I think there’s a lot of excitement from the general public, whether or not they necessarily own BlackBerry,” Crane noted.
In addition to automotive software, BlackBerry expanded its cybersecurity presence through service contracts with the Canadian federal government.
“The public is realizing that BlackBerry is deployed in many places that you might not see as visible as a smartphone.
So yeah, it’s certainly back,” Crane said.
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“I think that the future is bright for the company,” he concluded.
