Revenues of BlackBerry grew in Q1 2016

Shares of BlackBerry rose by 2.4% after the Canadian maker of consumer electronics predicted better results and indicates that there is a way to make its mobile business profitable again, transmit Bloomberg. The net loss for the fiscal year will amount to 15 cents per share against analysts expected a loss of 31 cents. For the first quarter result per share, excluding special effects achieved zero, while analysts were expecting a loss of 7 cents.

Revenues of BlackBerry for the quarter amounted to 424 million USD, including revenues from software and services to 166 million USD, which is 21% higher result compared to the same period last year (137 million USD). Analysts estimated total revenue of 471 million USD.

BlackBerry change its structure, its financial statements, including the revenue from sales of smartphones and those of licensing deals. The new unit – “Mobility Solutions” – generates as a whole 36 percent of the revenues. The company sold 500 thousand. Units in the quarter, compared to 600 thousand. In the previous quarter.

Shares jumped 2.4% on Thursday to 6.90 USD per share, after reaching a high of 7.05 USD earlier in the session.

Leave a Reply

Your email address will not be published. Required fields are marked *