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July 1, 2013

BlackBerry reports 9% rise in Q1 revenue

The company shipped 6.8 million smartphones in the quarter.

By CBR Staff Writer

BlackBerry has reported a 9% rise in its revenue to $3.1bn for the first quarter of 2014 ended 1 June 2013, compared to $2.8bn it reported during the same period last year.

The company posted a net loss of $84m, or $0.16 loss per share, for the quarter, compared to $518m, or 0.99 loss per share, for the same quarter in 2012.

Operating loss was $169m for the quarter, compared to $635m for the same period previous year. The company shipped 6.8 million smartphones and around 100,000 PlayBook tablets in the quarter.

BlackBerry president and CEO Thorsten Heins said during the first quarter, the company continued to focus its efforts on the global roll out of the BlackBerry 10 platform.

"We are still in the early stages of this launch, but already, the BlackBerry 10 platform and BlackBerry Enterprise Service 10 are proving themselves to customers to be very secure, flexible and dynamic mobile computing solutions," Heins said.

"Over the next three quarters, we will be increasing our investments to support the roll out of new products and services, and to demonstrate that BlackBerry has established itself as a leading and vibrant player in next generation mobile computing solutions for both consumer and enterprise customers."

The company said throughout the remainder of fiscal 2014 it will invest in BlackBerry 10 smartphone launches, and the roll out of BlackBerry Enterprise Service 10 as well as establish the new BlackBerry 10 platform in the marketplace.

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