Millennium Post

BlackBerry makes $28-mn Q4 profit, lost $423 mn in year-ago period

Canadian handset maker BlackBerry has made a $28-million  profit for the last quarter ending February helped by rising average selling price of its smartphones and growing traction in software business. Its revenue fell by 32 per cent to $660 million in the February 28-ended December-February quarter from $976 million in the same quarter of 2014 fiscal, it said in a statement. The revenue includes a negative impact of $12 million due to currency fluctuations. The company follows
March-February fiscal year.

The Waterloo, Ontario-based firm had posted a net loss of $423 million in the year-ago period. Revenue for the fourth quarter of 2015 fiscal includes about 42 per cent from hardware, 47 per cent from services and 10 per cent from software, it said.

During the quarter the firm said that “... 1.6 million BlackBerry smartphones were sold through to end customers, with an average selling price of $211 compared with $180 in the previous quarter”. BlackBerry Executive Chairman and CEO John Chen said, “Our focus this past year was on getting our financial house in order while creating a multi-year growth strategy and investing in our product portfolio.”
PTI

PTI

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