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BlackBerry posts FY net loss of USD 5.9 billion
2014-03-28 15:00:00| Telecompaper Headlines
(Telecompaper) BlackBerry has reported revenue of almost USD 976 million for the fourth quarter ending 01 March, down 18 percent or USD 217 million from around USD 1.2 billion in the previous quarter and down 64 percent or USD 2.7 billion from a year earlier. The revenue breakdown for the quarter was around 37 percent for hardware, 56 percent for services and 7 percent for software and other revenue. In Q4, BlackBerry generated hardware revenue on around 1.3 million smartphones, compared to around 1.9 million in Q3. Around 3.4 million BlackBerry smartphones were sold through to end customers in Q4, of which around 2.3 million were BlackBerry 7 devices. GAAP loss from continuing operations for Q4 was USD 423 million, compared to a loss of USD 4.4 billion in the previous quarter. Revenue from continuing operations for the year was USD 6.8 billion, down 38 percent from USD 11.1 billion in FY 2013. The GAAP net loss from continuing operations for fiscal 2014 was USD 5.9 billion, down from a net loss of USD 628 million a year earlier.
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Category:Telecommunications