The Blackberry logo is shown on a office tower in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/ File Photo
(Reuters) - BlackBerry forecast profit for its next fiscal year above market estimates and said it was exploring options for its Cylance business, sending shares of the Canadian company more than 4% higher on Wednesday.
In an investor day presentation, the company said it was looking to redirect spending to high-growth areas from Cylance, which requires significant levels of investment and faces strong competition.
