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BlackBerry Reports Surprising Quarterly Profit
2014-06-19 21:39:14| PC Magazine Cell Phones Product Guide
In a bit of good news for the struggling phone maker, BlackBerry reported a $23 million profit during the quarter.
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BlackBerry ekes out a profit as revenue tumbles nearly 70 percent
2014-06-19 17:31:06| InfoWorld: Top News
BlackBerry managed to turn the tide toward a small profit during its fiscal first quarter, but revenue and phone sales continued to drop. Revenue for the first quarter of BlackBerry's fiscal 2015, which ended May 31, was approximately $966 million, a steep drop of about 69 percent from $3.1 billion in the same quarter in 2013.
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BlackBerry ekes out a profit as revenue tumbles nearly 70 percent
2014-06-19 14:26:09| InfoWorld: Top News
BlackBerry managed to turn the tide toward a small profit during its fiscal first quarter, but revenue and phone sales continued to drop. Revenue for the first quarter of BlackBerry's fiscal 2015, which ended May 31, was approximately $966 million, a steep drop of about 69 percent from $3.1 billion in the same quarter in 2013.
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Blackberry posts surprise profit
2014-06-19 14:23:45| BBC News | Business | UK Edition
Troubled smartphone maker Blackberry reports a surprise profit despite a big drop in revenues, as it looks to turn the business around.
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BlackBerry quarterly results show gradual improvement
2014-06-19 13:34:00| Telecompaper Headlines
(Telecompaper) BlackBerry reported a small improvement in results for its fiscal first quarter to May, helped by its focus on cost reductions, cash flow and services. The company recorded a net profit of USD 23 million or 4 cents a share, versus a loss of USD 83 million a year ago, thanks to a one-time gain on debt valuation. Revenues were still down sharply compared to a year ago to USD 966 million versus USD 3.071 billion. Compared to the February quarter, revenues fell by only USD 10 million, and the company actually increased the number of handsets on which revenue was booked, to 1.6 million from 1.3 million smartphones in the previous quarter. This followed the launch of the Z3 device in Indonesia, which Blackberry said it will launch in another eight countries. Total handsets sold to end-customers, which includes those shipped in previous quarters, reached 2.2 million in Q1, as vendors cleared out inventories. Hardware made up only 39 percent of revenue in the quarter, while 54 percent came from services and 7 percent from software and other revenue. BlackBerry also reported a small increase in cash, to USD 3.1 billion from USD 2.7 billion at the end of February. The company's operational cash burn was USD 255 million in the first quarter, down from USD 784 million on the previous quarter, after a further reduction in costs. BlackBerry said it aims to maintain a strong cash position while "prudently" investing in growth opportunities. The group targets breakeven cash flow by the end of the fiscal year.
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