BlackBerry Reports Q4 2013 Results: Revenue Was $2.7 Billion, Income Was $94 Million, $0.18 EPS

Posted on Mar 28 2013 - 5:23pm by Editorial Staff
BlackBerry 10

BlackBerry 10

Research In Motion (currently known better as BlackBerry) today announced its financial results for the three months and fiscal year ended March 2, 2013.The company reported the revenue of $2.7 billion with GAAP income reported as $94 million, or $0.18 per share diluted.

The adjusted income from continuing operations of $114 million, or $0.22 per share diluted. The company reported that there are the shipments of 6 million smartphones, including approximately a million BlackBerry 10 units while the subscriber base of approximately reported as 75 million.

“We have implemented numerous changes at BlackBerry over the past year and those changes have resulted in the Company returning to profitability in the fourth quarter,” said Thorsten Heins, President and CEO.

For the outlook for next quarter, the company says that it will be increasing its marketing investment in the first quarter of fiscal 2014, thanks to the global launch of BlackBerry 10. With increasing in marketing spending, the company believes that it will approach breakeven financial results in the first quarter based on its lower cost base, more efficient supply chain, and improved hardware margins.

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