BlackBerry has lower-than-expected loss in the fiscal second quarter

SAO PAULO-the BlackBerry posted a smaller loss than expected in the second quarter of its fiscal year, but revenue fell far short of expectations, noting that the company faces ongoing challenges.
The company, which held this week the first major phone release in two years, had a loss of $ 207 million in the period ended Aug. 30. The number was better than the loss registered in the same period of the previous year, to $ 965 million.
Revenue fell 42 percent to $ 916 million in the range, and was below the analysts ' estimate of $ 950 million. The company's cash position had a slight change, rising to $ 3.1 billion.
The President of the company, John Chen, has continued with the plan to resume operations since he took command, almost a year ago. The project is primarily focused on the generation of profit in the business of mobile security and other software services, but not completely abandoned the hardware thread.