blackberry reverses plunge
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

BlackBerry reverses plunge

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice BlackBerry reverses plunge

People try the BlackBerry Z3 "Jakarta Edition" smartphones in Jakarta
Montreal - AFP

 Canadian smartphone maker BlackBerry, under new leadership, announced a small profit in a surprising turnaround Thursday, despite a huge drop in revenues.
The Waterloo, Ontario-based company reported a slight profit of $23 million in its fiscal first quarter ended May 31, following back-to-back losses.
Quarterly revenue, however, fell to $966 million from $3.07 billion a year ago. This was also down from the previous quarter.
The figures do not include exceptional items such as the sale of its offices and a change in the assessed fair value of millions of dollars in debentures.
Excluding these items, BlackBerry's adjusted loss was $60 million or 11 cents per share. But even this adjusted loss is still less than half the level that analysts had expected.
Chief executive John Chen said the results demonstrate "that we are firmly on track to achieve important milestones, including our financial objectives."
"Over the past six months, we have focused on improving efficiency in all aspects of our operations to drive cost reductions and margin improvement. Looking forward, we are focusing on our growth plan to enable our return to profitability," he said.
BlackBerry helped create a culture of mobile users glued to smartphones, but lost its luster as many moved to iPhones or devices using Google's Android software.
After posting record losses last year, the company brought in new management and outsourced its handset production to Taiwan-based Foxconn.
BlackBerry said it sold 2.6 million smartphones in the last quarter. Hardware sales accounted for 39 percent of its revenues, while services grew to 54 percent. The remainder came from software and other sources.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

blackberry reverses plunge blackberry reverses plunge

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

blackberry reverses plunge blackberry reverses plunge

 



GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 10:51 2016 Tuesday ,22 November

Klinsmann fired as US coach

GMT 05:17 2017 Wednesday ,05 July

Now, have breakfast, coffee with rats

GMT 12:10 2018 Thursday ,18 January

Lebanon reverses ban on Spielberg's 'The Post'

GMT 11:35 2017 Thursday ,28 September

Young Emiratis Credit Young ADIPEC with Helping Them

GMT 11:56 2017 Wednesday ,13 December

Brexit deal shows UK can leave EU

GMT 08:45 2017 Saturday ,30 September

Yasmine Sabri reveals secrets of her happiness

GMT 20:22 2016 Sunday ,17 July

Jagger to be dad again at 72

GMT 21:30 2016 Wednesday ,11 May

Nilesat attains profits worth $ 91.5m in 2015

GMT 00:48 2017 Sunday ,12 March

Iran condemns Syria terrorist bomb attacks

GMT 12:04 2012 Tuesday ,17 July

US drones make peace with Pakistan less likely

GMT 00:48 2012 Friday ,10 August

Judge Judy is highest paid TV star
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice