BlackBerry releases financial reports for the last quarter of 2013
Though they recorded a $423 million loss, BlackBerry did better in the last quarter of the 2013 fiscal year which came to an end on March 1 2014, far better than they did in the quarter before it where they ended with a $4.4 billion loss.
BlackBerry had a total revenue of $976 million, a 64% decrease from the contemporary quarter of the previous year. They made $361 through their devices department, with 63% of these (about 2.3 million) being BBOS 7 device (BlackBerry Bold 5 et al).
$546 million was generated from the company’s softwares while the remaining $69 million was gotten from services like BBM and BES software package.
BlackBerry is on track to overturn the deficit and start making profit. Their new CEO John Chen, who is responsible for the company’s near future has this to say:
“I am very pleased with our progress and execution in fiscal Q4 against the strategy we laid out three months ago. We have significantly streamlined operations, allowing us to reach our expense reduction target one quarter ahead of schedule…”
See the full financial reports here.
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