BlackBerry quarterly results show gradual improvement

Thursday 19 June 2014 | 13:34 CET | News
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

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Categories: Mobile & Wireless
Companies: BlackBerry
Countries: World
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