BlackBerry Posts $28 mn Profit in Q4; Revenue Plunges 32 Per Cent

BlackBerry posted a profit of USD 28 mn for Q4 ending February helped by rising average selling price of smartphones, growing traction in software business.

Published: 28th March 2015 12:47 AM  |   Last Updated: 28th March 2015 12:47 AM   |  A+A-


NEW YORK: Canadian handset maker BlackBerry today posted a profit of USD 28 million for the last quarter ending February helped by rising average selling price of its smartphones and growing traction in software business.

The firm's revenue fell by 32 per cent to USD 660 million in the February 28 ended December-February quarter, from USD 976 million in the same quarter of 2014 fiscal, it said in a statement. The revenue also includes a negative impact of USD 12 million on account of currency fluctuations.

The company follows March-February as fiscal year.

The Waterloo, Ontario-based firm had posted a net loss of USD 423 million in the year-ago period.

Revenue for the fourth quarter of 2015 fiscal includes about 42 per cent from hardware, 47 per cent from services and 10 per cent from software, it said.

During the quarter the firm said that "... 1.6 million BlackBerry smartphones were sold through to end customers, with an average selling price of USD 211 compared with USD 180 in the previous quarter".

Commenting on the performance, BlackBerry Executive Chairman and CEO John Chen said: "Our focus this past year was on getting our financial house in order while creating a multi-year growth strategy and investing in our product portfolio."

For turnaround the company will focus on stabilisation of revenue with sustainable profitability and cash generation in the second half of the year, he added.

Going ahead, BlackBerry said it continues to anticipate positive free cash flow.

"The company is expanding its distribution capability, and expects traction from these efforts to manifest some time in fiscal 2016. The company continues to target sustainable non-GAAP profitability some time in fiscal 2016," it added.

Total cash, cash equivalents, short-term and long-term investments was USD 3.27 billion as of February 28. Cash balance increased USD 156 million in the fourth quarter that includes net gains of USD 80 million related to acquisitions and divestitures during the quarter.

Purchase orders with contract manufacturers totalled approximately USD 394 million at the end of the fourth quarter compared with USD 565 million at the end of the third quarter. PTI


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp