BlackBerry-Z3

BlackBerry posts less-than-expected quarterly loss

: Saturday, June 21 - 2014 @ 14:39

BlackBerry has reported a narrower-than-expected quarterly loss, as the troubled smartphone maker’s turnaround efforts started to pay off, raising hope that its chief executive can deliver on a pledge to return the company to steady profits, Reuters has reported. Excluding special items, the company drew down $255m in cash in its first quarter, much less than the $784m it used in the fiscal fourth quarter. BlackBerry’s gross profit margin rose to 46.7% in the quarter from 33.9% a year earlier, and it reported net income of $23m, compared with a loss of $84m a year earlier. Quarterly revenue dropped to $966m from $3.07bn a year earlier.

Today's Top Stories

Posted by

Saturday, June 21- 2014 @ 14:39 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically






JobsVIEW ALL

Search for jobs

Latest Jobs