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BlackBerry returns to profit despite lower revenues in Q4
2015-03-27 13:25:00| Telecompaper Headlines
(Telecompaper) BlackBerry said revenues for its fourth quarter to 28 February fell to USD 660 million from 3.3 billion the year before, including negative forex effects of USD 12 million. Hardware contributed 42 percent to revenues, services accounted for another 47 percent and software for 10 percent. Hardware revenue was recognised on 1.3 million BlackBerry smartphones. The company sold a total of 1.6 million smartphones to end customers. The net profit went to USD 28 million or USD 0.05 per share, from a loss the year earlier of 304 million or 0.58 per share. The non-GAAP net profit reached USD 20 million or USD 0.04 per share. At the end of fiscal Q4, the company had total cash, cash equivalents, short-term and long-term investments of USD 3.27 billion, up by USD 156 million from the previous quarter. Going forward, Blackberry expects to maintain its strong cash position. As it expands distribution capability, the company continues to target sustainable non-GAAP profitability some time in fiscal 2016.
Tags: lower
returns
profit
revenues
BlackBerry swings to fiscal Q4 profit
2015-03-27 01:00:00| Total Telecom industry news
CEO John Chen seeks stability after revenue, device sales both fall again.
Tags: profit
fiscal
blackberry
swings
Don't let BVD steal your profit
2015-03-26 16:34:00| Beef
Make sure your vaccine program handles BVD Type 1b. read more
Don't let BVD steal your profit
2015-03-26 16:34:00| Beef
Make sure your vaccine program handles BVD Type 1b. read more
PVH "pleased" after swinging to Q4 profit
2015-03-26 14:17:00| Daily apparel & textile news and comment - from just-style.com
US apparel giant PVH Corp has said it is "pleased" with its fourth-quarter performance which saw it swing to a net profit, despite the challenging market environment and foreign currency headwinds.
Tags: profit
pleased
swinging
pvh
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