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BlackBerry Report Quarterly Loss, Focuses To Growth
BlackBerry on Friday reported loss for the three months ended August 30, 2014, but said it was turning its focus to growth and investments.
The company reported a net loss of $207 million, or 39 cents per share, for the second quarter ended Aug. 30. Excluding one-time items such as charges for restructuring and a change in the fair value of debentures, the company said the loss was 2 cents a share.
Revenue for the second quarter of fiscal 2015 was $916 million. The revenue breakdown for the quarter was approximately 46% for hardware, 46% for services and 8% for software and other revenue.
During the second quarter, the company recognized hardware revenue on approximately 2.1 million BlackBerry smartphones. During the second quarter, approximately 2.4 million BlackBerry smartphones were sold through to end customers, which included shipments made and recognized prior to the second quarter and which reduced the company's inventory in channel.
"We delivered a solid quarter aagainst our key operational metrics, and we are confident that we will achieve breakeven cash flow by the end of FY15," said John Chen, Executive Chairman and CEO, BlackBerry.
"Our workforce restructuring is now complete, and we are focusing on revenue growth with judicious investments to further our leadership position in enterprise mobility and security, driving us towards non-GAAP profitability during FY16," Chen added.
In other BlackBerry news, Chen announced that 200,000 Passports were sold via Amazon and Shop BlackBerry since Wednesday's announcement.
Revenue for the second quarter of fiscal 2015 was $916 million. The revenue breakdown for the quarter was approximately 46% for hardware, 46% for services and 8% for software and other revenue.
During the second quarter, the company recognized hardware revenue on approximately 2.1 million BlackBerry smartphones. During the second quarter, approximately 2.4 million BlackBerry smartphones were sold through to end customers, which included shipments made and recognized prior to the second quarter and which reduced the company's inventory in channel.
"We delivered a solid quarter aagainst our key operational metrics, and we are confident that we will achieve breakeven cash flow by the end of FY15," said John Chen, Executive Chairman and CEO, BlackBerry.
"Our workforce restructuring is now complete, and we are focusing on revenue growth with judicious investments to further our leadership position in enterprise mobility and security, driving us towards non-GAAP profitability during FY16," Chen added.
In other BlackBerry news, Chen announced that 200,000 Passports were sold via Amazon and Shop BlackBerry since Wednesday's announcement.