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Blackberry narrows loss as Q3 revenues fall to USD 793 mln
2014-12-19 15:53:00| Telecompaper Headlines
(Telecompaper) BlackBerry said revenues for its third quarter to 29 November fell to USD 793 million from 1.2 billion the year before. Hardware contributed 46 percent to revenues, services accounted for another 46 percent and software for 8 percent. Hardware revenue was recognised on 2 million BlackBerry smartphones. The company sold a total of 1.9 million smartphones to end customers. The net loss narrowed to USD 148 million or USD 0.28 per share, from a loss the year before of 332 million or 0.63 per share. The non-GAAP net result went to a profit of USD 6 million or USD 0.01 per share, from a loss the year earlier of 0.02 per share. At the end of fiscal Q3, the company had total cash, cash equivalents, short-term and long-term investments of USD 3.1 billion, up by USD 43 million from the previous quarter. The EZ Pass Program resulted in a total of 6.8 million licenses issued for BES10, a 100 percent increase from fiscal Q2, with over 30 percent of total licenses traded in from competitor Mobile Device Management platforms. Going forward, Blackberry expects to maintain its strong cash position, while increasingly looking for opportunities to prudently invest in growth. The company continues to anticipate break-even or better cash flow from operations. As it expands distribution capability, the company continues to target sustainable non-GAAP profitability some time in fiscal 2016.
BlackBerry narrows fiscal Q3 loss but revenue plunges
2014-12-19 01:00:00| Total Telecom industry news
Canadian smartphone maker posts $6 million non-GAAP profit, sells 1.9 million devices.
Tags: loss
fiscal
revenue
blackberry
Dave & Buster's loss narrows, sales top forecasts
2014-12-17 12:29:31| IT Services - Topix.net
Dave & Buster's Entertainment Inc.'s loss narrowed in the third quarter as the arcade and restaurant chain said it sees the long-term potential to nearly triple its store count in North America. In its first earnings report since its initial public offering, the Dallas-based company said Tuesday it sees "long-term market potential" for operating more than 200 stores in North America, where it now has 73. It said it planned to open seven or eight stores next year.
BMW outsells Audi and Mercedes but lead narrows
2014-12-10 15:44:01| Auto Dealers - Topix.net
Carmaker BMW has racked up its highest-ever November sales, beating Audi and Mercedes-Benz, but the two German rivals remain on course to narrow BMW's lead in the global luxury car market. Deliveries by BMW's namesake brand rose 6.2 percent last month to 158,953 cars and sport-utility vehicles, the company said on Wednesday, citing strong demand in core European markets and China.
UK trade deficit narrows in October
2014-12-10 11:34:42| BBC News | Business | UK Edition
The difference between the amount the UK imports and exports narrowed to a seven-month low in October, official data shows.
Tags: october
trade
deficit
narrows
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