BlackBerry Reports Surprising Quarterly Profit

BlackBerry competence not be commanding any financial lists soon, though a struggling association appears to during slightest be stabilizing.

Thanks to new trainer John Chen’s cost-cutting measures, a Canadian association reported a $23 million distinction in a final quarter?a good warn compared to a $84 million loss during a same duration in 2013.

Total income for a 3 months finale May 31 came to $966 million, separate between hardware (39 percent), services (54 percent), and program (7 percent) – a 1 percent ($10 million) dump from a prior quarter.

Overall, about 2.6 million phones finished adult consumers’ hands.

“Our opening in mercantile Q1 demonstrates that we are resolutely on lane to grasp critical milestones, including a financial objectives and delivering a clever product portfolio,” Chen pronounced in a statement.

That competence be good for BlackBerry, deliberation a new decline, though it still has a prolonged approach to go to locate adult to rivals like Apple, that sold 43.7 million iPhones between Jan and March, down from a 51 million it sole in a fourth quarter.

Chen was named CEO after a ousting of former arch Thorsten Heins in November. In December, a new trainer told CNBC that he isn’t meddlesome in what a association used to be, though rather, is focused “on what BlackBerry will be currently and in a future.”

With that in mind, Chen vowed to boost a program and services, and turn reduction reliant on offered smartphones.

And a association is doing only that, final month introducing Project Ion, that will precedence a QNX program and craving confidence record to emanate “end-to-end solutions” for a flourishing Internet of Things market.

This week, BlackBerry launched BBM Protected?the initial in a eBBM Suite, that promises secure enterprise-class messaging. It also announced a understanding with Amazon to move some-more than 200,000 Android apps from a e-retail giant’s Appstore to BlackBerry 10 owners.

“Over a past 6 months, we have focused on improving potency in all aspects of a operations to expostulate cost reductions and domain improvement,” Chen said. “Looking forward, we are focusing on a expansion devise to capacitate a lapse to profitability.”

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