Feeds

Subs up at RIM

Patent woes lifted

The Power of One Infographic

Signups to Research in Motion’s data service hit 625,000 in its fourth quarter as the handheld vendors’ patent problems straightened themselves out.

The firm expects subscriber additions to rise further in the current quarter, it added, as it released its latest results yesterday.

Revenues for the quarter ending 4 March came in at $561.2m, up 39 per cent on the year. Profits were $18.4m, compared with last year’s $2.6m loss. This year’s profits included a settlement and litigation provision of $162.5m.

The firm settled its long-running patent suit with NTP in the quarter. At one point, it looked as if it might have to pull its service in the US. The lifting of this threat helped boost subscriber additions to 625,000 it said.

Things should pick up further in the first quarter with additions jumping to 675,000. First quarter revenues should be $580m to $610m, with GAAP earnings per share of $0.60 to $0.65.

Full year revenues were up 53 per cent to $2.07bn, while profits were $382m, compared to $213m the previous year. ®

The Essential Guide to IT Transformation

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.