Saturday, August 23, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
German Regulator Will Pursue Complaint Against Publishers
IBM Tries To Strengthen Its Presence In China With Local Vendor Deal
Demand For iPhone 6 Screens Add Perssure To Supply Chain
Intel Highlights Its Wireless Computing Plans
Ouya Parners With Xiaomi On Games
Sony Offers New Smart Tennis Sensor
Microsoft to Announce Windows 9 on September Event: report
Acer Unveils New Chromebox CXI and Chromebook 11
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Mobiles > RIM Rep...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, September 28, 2012
RIM Reports Surpising Q2 Results


Research In Motion's results for Q2 were not as bad as expected,as the company reported narrower than expected loss and increased cash reserves, ahead of the launch of its Blackberry 10 operating system.

The Waterloo, Ontario-based company reported a net loss of $235 million, or 45 cents a share, in its fiscal second quarter. That compared with a profit of $329 million, or 63 cents, in the same period a year earlier.

Excluding one-time restructuring-related items, the loss came in at $142 million, or 27 cents a share, in the quarter just ended.

Revenue rose to $2.9 billion, a gain of 2 percent from the fiscal first quarter, but the latest result was down about 30 percent from the same period a year earlier.

RIM also increased its cash to about $2.3 billion from $2.2 billion in the fiscal first quarter.

"Despite the significant changes we are implementing across the organization, our second quarter results demonstrate that RIM is progressing on its financial and operational commitments during this major transition," said Thorsten Heins, President and CEO.

"Subscribers grew to approximately 80 million global users, revenue grew sequentially from the first quarter, cash, cash equivalents, short-term and long-term investments increased by approximately $100 million to $2.3 billion, and carriers and developers are responding well to previews of our upcoming BlackBerry 10 platform. Make no mistake about it, we understand that we have much more work to do, but we are making the organizational changes to drive improvements across the company, our employees are committed and motivated, and BlackBerry 10 is on track to launch in the first calendar quarter of 2013."

RIM expects that there will be continued pressure on operating results for the remainder of the fiscal year based on the increasing competitive environment, lower handset volumes, increased marketing expense associated with the launch of BlackBerry 10, and some impact from pressure by its customers to reduce RIM's monthly infrastructure access fees. Also, the company plans to continue to invest in targeted marketing and sales programs to aggressively drive sales of BlackBerry 7 handheld devices before the anticipated launch of the BlackBerry 10 smartphones. The company expects to report an operating loss in the third quarter of fiscal 2013 as RIM continues to work through the transition to BlackBerry 10 and completes its CORE program.


Previous
Next
Sony To Strengthen Its Medical Business With Olympus Tie-up        All News        Samsung and STMicroelectronics Team Up On Foundry Services at 32/28nm Technology
Nokia Cuts Prices Of First Lumia Models     Mobiles News      LG Display Sues Samsung Over OLED Patents

Get RSS feed Easy Print E-Mail this Message

Related News
UK's GCHQ To Share Data With Firms
Hackers Attack NATO Web Sites
Kaspersky Lab Uncovers "The Mask" Cyber Spying Campaign
Rimage Is Now Qumu
Blackberry Shareholders Company's Approve New Name
New BlackBerry Q5 Announced For Select Markets
Images Of New BlackBerry Handset Apppear Online
BlackBerry Z10 Smartphone Launches in the United States Today
BlackBerry Previews Secure Work Space Technology for Android, iPhone Platforms
Primera Introduces The DL500 Durable Label Printer
New BlackBerry World to Include Songs, Latest Movies and TV Shows
RIM Unveils Lower BlackBerry World Price Tiers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .