BlackBerry posts $23m profits despite revenue fall

BlackBerry messenger image

Enterprise sales and services helped push Canadian software and services firm BlackBerry back towards break-even results in its first quarter earnings for its fiscal year 2015.

BlackBerry said it made a profit of $23m in the first quarter, beating analyst expectations. Revenue dropped to $966m in the same period, though, and compared against $3.07bn in 2013 and $976m in the previous quarter of its 2014 financial year.

BlackBerry CEO john Chen introduced the results in a briefing that offered an overall view of business divisions, their performance and their upcoming launches. He added that everything is going to plan.

“We continue to make progress with our plans to return to growth and profitability,” he said. “All areas show stabilisation or improvement.”

Chen added that he was confident of the future, saying that BlackBerry has a “good product roadmap” across its enterprise, device, BBM and QNX businesses. “Demand looks strong. We have run low on certain items,” he said.

Forthcoming launches include BBM for Windows, which is due for a July launch, and QNX Cloud, which is expected to arrive in December. Also coming are more ‘value add services’, said Chen, and he talked up an identity management system for security aware enterprises. This week the firm announced access to the Amazon Appstore and its library of more than 200,000 apps.

For now Chen said that quarters like this one would bring confidence back to the watching market. He added that the firm would expect to report profit at some point in 2016.

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19 June 2014 | 2:10 pm – Source:

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