BlackBerry Posts Profit, Now Aiming for ‘Revenue Stabilization’
BlackBerry today reported financial results for the three months and fiscal year ended February 28.
The Waterloo-based company managed to post a surprise profit, sending shares up as much as 5%.
However, the Canadian firm suffered a bigger-than-expected decline in revenue.
“Our financial viability is no longer in question,” BlackBerry Chief Executive John Chen said on a conference call. “We’re now turning our attention to revenue stabilization.”
Revenue for the fourth quarter of fiscal 2015 was approximately $660 million. The revenue breakdown for the quarter was approximately 42% for hardware, 47% for services and 10% for software. BlackBerry says it plans to focus more on software, where margins are higher.
“We now have a very good handle on our margins, and our product roadmaps have been well received,” Chen noted.
BlackBerry sold 1.6 million phones during the quarter.
