Menu
Blackberry reports falling revenue, but loss shrinks

Blackberry reports falling revenue, but loss shrinks

The company is increasing its distribution capability, pinning hopes on sales of its new Passport and Classic smartphones

BlackBerry's revenue continued its dive in the three months to Nov. 29, but on Friday the company reported a smaller loss than a year earlier.

Revenue for the three months, BlackBerry's third fiscal quarter, fell to US$793 million, compared to $916 million in the preceding three months and $1.19 billion a year earlier.

The company reported a net loss of $148 million for its third fiscal quarter, compared to a loss of $207 million in its second. In its first quarter, however, it had reported a small profit. A year earlier, it reported a monster $5 billion loss, which included a $1 billion inventory write-down and a $2.7 billion impairment charge.

Since then, the company has worked to reduce its recurring costs: Cost of sales is less than half what it was a year ago, and selling, marketing and administration expenses less than a third.

The company has also, however, halved its research and development spending over the last year.

For the year ahead, the company continues to anticipate break-even or better cash flow from its operations. It is expanding its distribution capability in anticipation of demand for its recently launched Passport and Classic smartphones, the but doesn't expect this to have significant effects until at least March.

The company is increasingly focused on generating revenue from its enterprise mobile device management tools, and on Friday announced that its software, BES12, recently added support for Android 5.0 (Lollipop).

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Blackberrybusiness issuesconsumer electronicssmartphonesfinancial results

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments