BlackBerry financial results for the three months ended May 31, 2014

Q1 Highlights:

Cash and investments balance of $3.1 billion at the end of the fiscal first quarter, up from $2.7 billion in the prior quarter
Adjusted Q1 gross margin of 48%, up from 43% in the prior quarter
Reduced adjusted operating expenses by 57% year over year and 13% quarter over quarter
Successfully launched the new Z3 device in Indonesia; 8 additional countries to follow
EZ Pass Program resulted in a total of 1.2 million licenses issued for BES10, including more than 10% of total licenses traded in from competitors' Mobile Device Management platforms
Launched Project Ion focused on the "Internet of Things" market

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Screen Timeout app - keep your BB10 screen awake as long as you need

During the first quarter, the Company recognized hardware revenue on approximately 1.6 million BlackBerry smartphones compared to approximately 1.3 million BlackBerry smartphones in the previous quarter.

During the first quarter, approximately 2.6 million BlackBerry smartphones were sold through to end customers, which included shipments made and recognized prior to the first quarter and which reduced the Company's inventory in channel.


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Screen Timeout app - keep your BB10 screen awake as long as you need

Source: http://finance.yahoo.com/news/blackb...110000567.html

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Screen Timeout app - keep your BB10 screen awake as long as you need

This is not that bad ...


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Screen Timeout app - keep your BB10 screen awake as long as you need

Wow.. not bad at all..

Posted from my Astro on Z30STA100-2/10.2.1.3175

Much better, much sooner than I'd dared hope.

Posted from my awesome Q10 via CB10.

Let's say : Back on track!
Keep it up JC!!!
Little victory...made my day

Same here. Keep it up JC!

Wow. Margin growth and more cash on hand!

Posted via CB10

At first sight that looks quite promising.

Much better numbers than I think any of us expected.

Looking at the revenue number per region is a little troubling, but it is a step in the right direction overall.

True the numbers are good, and with the upcoming BBM protect, BBM for Windows, expanded BBM money, BES 12, and new hardware BlackBerry has plenty of opportunes for growth. The thing that worries me in the long term is if BlackBerry will be able to make enough money from hardware to justify keeping that division operational? John Chen said that BlackBerry would need to sell 10 million phones a year for the company to be profitable and this quarter they sold through to customers 2.6 million units. So it seems that might be the case but will these numbers be able to grow, since they only recognized revenue on 1.6 million units?

Posted via CB10

BlackBerry recognized the revenue from sale of 1.6 million, but they sold though 2.6 million devices. This was dew to a change in accounting practices, as they work though these numbers it should start to balance out in the future they should be recognizing more of their sell through. This should end up being big improvement to their bottom line.

Posted via CB10