The bottom line

BlackBerry’s glory days may be behind it, but its first-quarter 2022 results prove that its bet on cybersecurity has paid off. With just $174 million in revenue for the first quarter, BlackBerry’s top line is noticeably less than last year’s, however, it appears the company has stopped the bleeding with a net loss roughly 10 times less than the same period last year. Palo Alto on the other hand has seen a 24 per cent growth in its top line, but its net loss roughly doubled compared with the same period last year. Despite this, Palo Alto gets the thumbs up for its innovation.