View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 7, 2004

RIM delivers profits, ups guidance

Research in Motion yesterday raised its guidance for the current quarter, as it unveiled surging sales and profits for its fourth quarter and full year.

By CBR Staff Writer

The wireless email supplier turned in revenue of $210.6m for the quarter ending February 28, up 140% on the year. It delivered operating income of $33.7m, compared to last year’s $33.6m loss. Net income was $41.5m, compared to a $31.1m loss a year ago.

This delivered earnings per share of $0.46, or $0.56 after adjustments. Wall Street had expected $0.50 per share.

Two thirds of revenue came from handhelds, while 23% came from services, 8% from software licenses and 3% from other sources.

For the year, revenue was $594.6m, up 93.6% on the year. Full year net income was $51.8m, compared to a $148.9m loss a year earlier.

Chairman and CEO Jim Balsillie said the company had shown dramatic progress over the year. He also said the BlackBerry’s popularity was evident in our fourth quarter results and outlook.

The company raised its guidance yesterday, predicting first quarter revenue of $250m to $265m, with earnings per share of $0.21 to $0.26, or $0.28 to $0.33 adjusted. The earnings figures reflect a 2 for 1 share split also announced yesterday. The company also set second quarter guidance of $270m to $290m revenue, with earnings per share of $0.24 to $0.29, or $0.32 to $0.37 adjusted.

This article is based on material originally published by ComputerWire

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU