Blackberry publishes its financial results for the third quarter

Dec

19

2015

Company published a BlackBerry today the latest financial statements about the third quarter of the current fiscal year, which indicated the presence of losses, but they were generally better than the expectations of Wall Street analysts.

According to the Canadian phone maker said in a statement reported a net financial loss of $ 89 million or a loss of 17 cents per share in the third quarter.

The company said it achieved a revenue of approximately $ 557 million, at a time when Wall Street analysts expect to achieve revenues of $ 489 million.

The company has expanded dramatically to maintain its presence in the mobile phone market, where manufactured the phone running Android, and tended increasingly to the field of software and services to banish the specter of defeat.

And achieved software and services department great results for the company during this quarter section where revenues amounted to about $ 162 million, an increase of 183% from last year, an increase of 119% on a quarterly basis.

Said John Chen, chief executive of the company that he was pleased with the efforts of the company to stand on its feet and continue within the market, which is packed with competitors.

He noted CEO “Blackberry company has a strong financial footing, and we are doing good work in order to maintain the current trend we have, and we intensify investment to advance the continuous growth of the software and we launched in November PRIV phone.”

The Chief Executive Officer, “I expect that this will lead to software, hardware and communications divisions revenue growth sequentially in the fourth quarter of the current fiscal year.”

The company did not publish any information yet about the smart phone sales PRIV factor system Android, which the company launched earlier this year.

And received the BlackBerry tripped put cash during the quarter as cash flow amounted to about $ 2.71 billion, down 18% from the beginning of the year where the cash flow of approximately $ 3.32 billion.

The company said its outlook with respect to the fourth quarter of the current fiscal year it expects to positive results and an increase in the company’s cash flow during the quarter.

Viewing:-157

In: Technology & Gadgets Asked By: [15780 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »