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BlackBerry posts FY net loss of USD 5.9 billion
2014-03-28 15:00:00| Telecompaper Headlines
(Telecompaper) BlackBerry has reported revenue of almost USD 976 million for the fourth quarter ending 01 March, down 18 percent or USD 217 million from around USD 1.2 billion in the previous quarter and down 64 percent or USD 2.7 billion from a year earlier. The revenue breakdown for the quarter was around 37 percent for hardware, 56 percent for services and 7 percent for software and other revenue. In Q4, BlackBerry generated hardware revenue on around 1.3 million smartphones, compared to around 1.9 million in Q3. Around 3.4 million BlackBerry smartphones were sold through to end customers in Q4, of which around 2.3 million were BlackBerry 7 devices. GAAP loss from continuing operations for Q4 was USD 423 million, compared to a loss of USD 4.4 billion in the previous quarter. Revenue from continuing operations for the year was USD 6.8 billion, down 38 percent from USD 11.1 billion in FY 2013. The GAAP net loss from continuing operations for fiscal 2014 was USD 5.9 billion, down from a net loss of USD 628 million a year earlier.
Blackberry posts $5.9bn annual loss
2014-03-28 14:55:10| BBC News | Business | UK Edition
Smartphone maker Blackberry reports a loss of $5.9bn for its latest financial year, but says it is on "a path to returning to growth and profitability".
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Stocks to Watch: BlackBerry, Finish Line are stocks to watch
2014-03-28 14:33:02| Apparel - Topix.net
BlackBerry Ltd. and Finish Line Inc. will be among the stocks in focus Friday following their respective before-the-bell earnings reports while investors will watch shares of Restoration Hardware Holdings Inc., which surged after hours Thursday.
BlackBerry revenue plunges 64 percent
2014-03-28 14:09:21| InfoWorld: Top News
BlackBerry continued to struggle during the company's fiscal fourth quarter, experiencing a huge drop in revenue and a $423 million net loss. Revenue for the fourth quarter of BlackBerry's fiscal 2014, which ended March 1, was approximately $976 million, down 64 percent from $2.7 billion in the same quarter in 2013.
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Update: BlackBerry revenue plunges 64 percent
2014-03-28 14:09:21| InfoWorld: Top News
BlackBerry continued to struggle during the company's fiscal fourth quarter, experiencing a huge drop in revenue and a $423 million net loss. Revenue for the fourth quarter of BlackBerry's fiscal 2014, which ended March 1, was approximately $976 million, down 64 percent from $2.7 billion in the same quarter in 2013.
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