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BlackBerry Holds Steady Through Fiscal First Quarter

News by Luke Jones on Tuesday June 23, 2015.

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BlackBerry managed to confound analysts during the first quarter and recorded a profit, something that was hardly expected to happen. The company has now announced its second quarter financials, and while they are not as surprising as last period, the numbers should please BlackBerry's CEO John Chen.

It is worse noting that the following results are for the second calendar quarter although it is actually BlackBerry's fiscal 2016 quarter. The company drew in $658 million in overall revenue during the period, and it seems hardware remains a large piece of BlackBerry's business with 40% of all revenue. The rest was made up by services getting 38% and software licensing accounting for 21%.

BlackBerry sold 1.1 million devices during the three month period, a from from 1.6 million during the last quarter. Overall BlackBerry lost $28 million, although the company did increase cash reserves to $3.32 billion.

I am pleased with the strong performance of our software and technology business. This is key to BlackBerry's future growth," CEO John Chen claimed. "In addition, we are taking steps to make the handset business profitable. We believe these actions are prudent and necessary to grow the business and we believe the remaining milestones in our strategic plan are achievable.

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About the author

Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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