As mentioned before, BlackBerry has released the earnings for the third quarter of 2014, a day after the company unveiled the BlackBerry Classic, a smartphone designed to bring back the old BlackBerry look while offering more features.
As per the latest fiscal results, the Canadian company managed to sell 1.9 million smartphones through to end customers in the third quarter. The company mentioned it included sales made “prior to the third quarter and which reduced the Company’s inventory in channel.”
For the third quarter, BlackBerry reported revenues of $793 million, out which 46 percent was the revenue generated from hardware, 48 percent for its services, and the remaining 8 percent for software and other revenue. Non-GAAP operating profit amounted to $16 million, a considerable rise from $2 million in the last quarter.
“We achieved a key milestone in our eight quarter plan with positive cash flow. We also attained another important milestone in the release of our new enterprise software products and devices,” said Executive Chairman and CEO John Chen. “Our focus now turns to expanding our distribution and driving revenue growth.”
The company also reported a cash and cash equivalent to be $3.1 billion at the end of the third fiscal quarter. Let’s hope the company tries to focus on what its best at, that is, services and hardware which have been the biggest source of revenues for the company this year.
Source: Crackberry
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