Feeds

RIM profits jump in Q4

Recession, we've heard of it

Secure remote control for conventional and virtual desktops

In a global recession, let them eat smartphones.

BlackBerry maker Research in Motion (RIM) beat its own earnings forecast today by posting a 84 per cent rise in revenues for its fourth quarter of fiscal 2009 compared to the same period last year.

RIM said it added about 3.9 million BlackBerry subscribers in Q4, raising the total count to about 25 million. The company's fiscal Q4 covers between December 2008 and February 2009.

Revenue in Q4 was $3.46bn, up from $1.88bn in the same quarter last year. RIM said about 83 per cent of the earnings came from devices, 12 per cent from services, two per cent from software, and three per cent for miscellaneous revenue.

The company shipped about 7.8 million devices in Q4 and about 26 million during fiscal 2009.

Revenue for fiscal 2009 was $11.07bn, also up 84 per cent from $6.01bn last year.

Net income for the quarter was $518m, compared to $412.5m in the same quarter in fiscal '08. For the entire year, net profits were $1.89bn, up 46.3 per cent over the previous year.

"RIM experienced an extraordinary year in fiscal 2009, shipping our 50 millionth BlackBerry smartphone and generating $11 billion in revenue," said the company's co-chief Jim Balsillie in a statement.

The company said it expects to earn between $3.3bn and $3.5bn in the first quarter of fiscal 2010, ending May 30, 2009. To compare, RIM's Q1 results in fiscal 2009 were $2.24bn. RIM is also predicting a net gain of subscribers in Q1 2010 of between 3.7 and 3.9 million.

This week, the company announced its BlackBerry App World marketplace as RIM's answer to the popular iTunes App Store. The move also aims to attract more third-party developers into making software for the smartphone. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.