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AI Eye Podcast #499: BlackBerry (NYSE: $BB) Reports Financial Results with AI-Related Business Highlights

 

Point Roberts, WA and Vancouver, BC - December 18, 2020 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.

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AI Eye Podcast #499: BlackBerry (NYSE: $BB) Reports Financial Results with AI-Related Business Highlights

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:BB) (OTC:RCRT)

BlackBerry Limited (NYSE:BB) has reported financial results for the three months ended November 30, 2020. Highlights include a total company non-GAAP revenue for the third quarter of fiscal 2021 of $224 million and total cash, cash equivalents, short-term and long-term investments of $757 million. John Chen, Executive Chairman & CEO, BlackBerry, emphasized some of the company's AI-related business developments and strategic announcements:

"We are pleased to report solid financial results this quarter, delivering sequential software and services revenue growth in line with our outlook. This quarter we delivered exciting new technology releases, especially our AI-driven BlackBerry® Cyber Suite. We also made significant progress with partnerships. Our recently-announced multi-year, exclusive partnership with AWS to co-develop and co-market BlackBerry IVY, is both strategic and unique. This new platform will create a recurring-revenue business, bringing together BlackBerry's extensive experience and footprint in embedded automotive with AWS' unparalleled cloud reach, consumer experience and interface."

AI-enabled hiring platform Recruiter.com Group, Inc. (OTC:RCRT) has announced an upgrade to its software platform. This will include an AI/Video feature that employs "video screening coupled with AI-matching from a database of hundreds of millions of profiles," aimed at making the hiring process more efficient. Evan Sohn, CEO of Recruiter.com, said:

"We are excited to help our customers recruit talent faster using video, artificial intelligence technology, and virtual teams of on-demand recruiters. Our re-engineered platform integrates these capabilities into our core software and significantly upgrades our design, infrastructure, and usability. Recruiter.com moves into the new year with an incredible opportunity and technical capability to help in the re-opening of our economy by enabling businesses of all sizes to recruit talent faster."

Global Network Automation Market to Reach $22.58 Billion by 2027

A report published by Fortune Business Insights finds that the global Network Automation market will grow from $4 billion in 2019 to $22.58 billion by 2027 with a compound annual growth rate (CAGR) of 24.2 percent in the forecast period 2020-2027. An excerpt from the report summary explains how AI is employed to address "unprecedented network traffic patterns" caused by measures taken to deal with the COVID-19 pandemic:

The automated processes powered by artificial intelligence and machine learning help address these challenges in real-time by scanning dynamically for threats, anomalies, and recommending effective mitigations. This type of automation is one of the ways to monitor networks to manage and identify peak network traffic automatically and bandwidth configuration.

Sam Mowers, Investorideas.com

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