RIM Reports Q3 Results: Revenue Was $2.7 Billion, GAAP Net Income Was $14 Million, EPS ($0.22)

Posted on Dec 21 2012 - 9:25am by Editorial Staff
RIM

RIM

BlackBerry maker Research In Maker has announced its third quarter results for the three months ended December 1, 2012. The company reported the revenue of $2.7 billion with GAAP net income was of $14 million, or $0.03 per share diluted, including a $166 million favourable tax settlement. The cash increase was of approximately $600 million to $2.9 billion while the cash flow from operations was approximately $950 million.

The company further reported an adjusted net loss of $114 million, or $0.22 per share diluted. The BlackBerry subscriber base the company reported was of approximately 79 million users in the quarter and shipments of around 6.9 million smartphones and 255,000 PlayBooks. Further, adding to this RIM’s Chief Information Officer, Robin Bienfait announces his retirement.

“RIM continued to execute on its product roadmap plans and to deliver on key financial metrics as it gets set for the global launch of BlackBerry 10,” said Thorsten Heins, President and CEO. “During the third quarter, we continued to demonstrate our strong financial position, generating $950 million in cash flow from operations, and increasing our cash position significantly to more than $2.9 billion.”

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