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BlackBerry lands $100 million-plus QNX deal ahead of Q2 earnings
The Coretura agreement validates BlackBerry's Alloy Kore software platform ahead of its second-quarter earnings report on Sept. 24.
BlackBerry secured a $100 million-plus QNX software deal with Coretura, the Daimler Truck-Volvo joint venture, which supports the company's Alloy Kore platform going into its second-quarter earnings cycle, according to MarketBeat Ratings.
The outlet said the contract provides validation for BlackBerry's high-margin software business and is tied to the industry shift toward software-defined vehicles that rely on safety-certified compute foundations.
MarketBeat Ratings also noted that BlackBerry has been pivoting its core business toward automotive operating systems, with the Coretura deal reflecting momentum for its embedded Internet of Things efforts ahead of its Q2 results on Sept. 24.