As of the end of May, Blackberry (BB.US) reported an adjusted loss of $0.03 per share for the first fiscal quarter, better than the market's expected loss of $0.04 per share. Revenue declined by 61% to $144 million, better than the market's expected $134 million, mainly due to the increasing online threats and strong demand for online security services in the market.

After the performance announcement, Blackberry's stock price rose 8.1% to $2.39 in after-hours trading.

Blackberry expects second-quarter revenue to be between $136 million and $144 million, with the median below the market's expected $142 million. As for the network security department, the company expects second-quarter revenue to be between $82 million and $86 million.