The Canadian software group earned an adjusted 7 cents a share, beating the 4-cent consensus, on sales of $163.3 million. Its shares rose about 2% before the open.
BlackBerry's second quarter came in well ahead of what analysts had penciled in. Its shares barely reacted.
Adjusted profit came to 7 cents a share, ahead of the 4 cents analysts expected. Sales reached $163.3 million, where analysts had looked for $142.5 million.
On earnings, that is a result 75% above the forecast. On revenue, it is a beat of $20.8 million, or about 15%.
Shares rose about 2% in premarket trading on Thursday.
The muted reaction leaves open how investors are weighing the beat. A quarter lifted by the timing of large contracts and one built on recurring growth would carry different implications for the rest of the year, and next quarter's revenue mix will show which one this was.
The morning was also a poor one for technology shares generally. Treasury yields climbed to multidecade highs on Thursday, and growth stocks bore the brunt, with the Nasdaq Composite down nearly 1% in early trading.
For BlackBerry, the useful measure is repetition. A second consecutive quarter of revenue at or above this level would suggest the beat reflects a larger business rather than a single strong period, and would give investors more reason to reprice it.