BlackBerry releases financial report for Q1 of fiscal 2015, things are much better than expected

BlackBerry releases financial report for Q1 of fiscal 2015, things are much better than expected
During the first quarter of the fiscal 2015, which ended on May 31, BlackBerry has earned $966 million in revenue, just 1% less than the amount it brought back home during the previous quarter. This became clear after BlackBerry released its financial report about the fiscal quarter that ended roughly 20 days ago, on May 30. The breakdown of the revenue tells us that 54% of it has been earned by BlackBerry's services, while the smartphone department is responsible for 39% of the revenue.

There is a big increase in the amount of smartphones that earned BlackBerry money, though - from the 2.6 million devices that BlackBerry sold during the last financial trimester, 1.6 million brought in revenue for the company. This is a 20% increase in comparison with the 1.3 million devices that brought profit for the Waterloo-based company. The cash and cash equivalents of BlackBerry also increased to $3.1 billion, a $429-million increase in comparison with the $2.7 billion that the company had at the end of the previous trimester.

The former giant also scored a surprisingly low loss of $0.11 per share. Prior to the release of the financial report, most experts predicted that BlackBerry will continue to flow red ink and lose roughly $0.27 for each of its shares.

With all being said, it seems that the methods of John Chen, the renowned turnaround expert that is the current head of BlackBerry, have actually succeeded in stopping BlackBerry from spiraling down to bankruptcy. Several months ago, he stated that he is pretty determined to make the Canadian company a "cash flow positive" by the end of the fiscal 2015.


It was also revealed that the BlackBerry Z3, which was initially released as exclusive for the Indonesian  market, will hit the shelves in 8 more countries soon. India and Malaysia will most probably be among these. The Waterloo-based manufacturer will probably rely on the success of the device on these emerging markets in order to bring home even more bacon.

The financial report for the currently ongoing fiscal quarter, which ends on August 31, will tell us if John Chen's efforts will turn the tides for BlackBerry.


source: BlackBerry via BGR

Related phones

Z3
  • Display 5.0" 540 x 960 pixels
  • Camera 5 MP / 1.1 MP front
  • Processor Qualcomm Snapdragon 400, Dual-core, 1200 MHz
  • Storage 8 GB + microSDHC
  • Battery 2500 mAh(15.5h talk time)

FEATURED VIDEO

62 Comments

1. Mxyzptlk unregistered

If the news was good why did it take a lot of time for them to release it? Seems like they're in denial if you ask me.

2. tatail

Posts: 261; Member since: Jan 08, 2010

Because it is called Earning Report (ER) and only happens every quarter. GOD someone guide these people..

10. Jinto

Posts: 436; Member since: Jan 15, 2014

mxyzptik doesn't have a job, he lives in a shack

36. InspectorGadget80 unregistered

mxyzptik doesn't know what he's talking about. He just attacks any company that's not Apple. even BB. hopefully BB will come out something good by CES 15'

11. Mxyzptlk unregistered

You don't have to have a report to release figures on how you're company is doing currently. Don't they teach you kids anything in school these days?

16. tatail

Posts: 261; Member since: Jan 08, 2010

Kids? Really? hahahahahahaaha you won. I will send you your lollipop..

20. Mxyzptlk unregistered

Good make sure it's lemon :P

37. InspectorGadget80 unregistered

Don't be a LEMON Mxyzptik be a ROSEBUD.

5. Johnnokia

Posts: 1158; Member since: May 27, 2012

All in all, these are good news. However, selling only 2.6 millions unit compared to the 3.4 million with the previous quarter is the only bad sign related to the hardware of this report. BlackBerry needs to maintain selling at least 2.5 millions device each quarter in order to reach John Chen target of selling 10 million per year. Good luck BlackBerry

28. meanestgenius

Posts: 21353; Member since: May 28, 2014

But the good news here is that BB10 devices are now outselling BBOS7 devices. They will hit the targeted 10 million per year, of that I have no doubt.

41. WahyuWisnu

Posts: 1001; Member since: May 29, 2014

NO THEY DON'T... READ THE NEWS CAREFULLY!!!! REVENUE from bb10 devices outselling the REVENUE from bb7 device. It's NOT the device count, they using different metric to create hype!!! Let me spell it out carefully for you. BB7 device IS CHEAPER than BB10 device BB7 device still SELL LOTS MORE THAN BB10 device BUT because bb10 device is twice more expensive than bb7 device, they got MORE MONEY FROM bb10 device. and they need a good news to looks good. so THEY WARP A NICE COLORFUL STORY of their failure to trick some one like you. I hope you understand that, because you claming your name 'GENIUS'

48. meanestgenius

Posts: 21353; Member since: May 28, 2014

WahaWihaknee, I do so love schooling your ignorant, troll self: http://store.shopblackberry.com/store/bbrryus/en_US/DisplayCategoryProductListPage/ThemeID.32403100/categoryID.66826200/sort.displayName%20ascending That's the link to BlackBerry's site where you can purchase their handsets. In there, you will a BBOS7 device, the BlackBerry Bold. It costs $399. There are only TWO devices out of the out of the FIVE BB10 devices that costs more than the Bold, a BBOS7 device. That's the Porsche BlackBerry, and the BlackBerry Z30. All other devices are either the SAME price as the Bold(the Q10 costs the same as the Bold), or are CHEAPER(both the Z10 AND THE Q5 costs LESS than the Bold, at $299 and $349 respectively). SO WHAT ARE YOU TALKING ABOUT?! I hope YOU UNDERSTAND that, because there is NO GENIUS in your name AT ALL. But "I lie about BlackBerry" should DEFINITELY be in your name.

40. WahyuWisnu

Posts: 1001; Member since: May 29, 2014

it's not good news, it's a bad news warped nicely in a fancy color warp paper. you really need to read the financial report that pa attach above.

49. meanestgenius

Posts: 21353; Member since: May 28, 2014

Here are some more FACTS for you, straight from BlackBerry's financial analysis: "65% of devices sold to end customers were running BB10..." "Cash climbed to $3.1 billion, up from last quarter's $2.7 billion." So, to any SANE, RATIONAL HUMAN BEING, this would mean that not only did BB10 OUTSELL BBOS7, but BlackBerry's cash on hand GREW. That means that will NOT be going bankrupt as you claim since they are GROWING CASH. You really need to stop making up all of these stories, Wahaknee, BlackBerry is here to STAY. GET USED TO IT.

9. bbblader

Posts: 590; Member since: Oct 24, 2011

Even though I don't like blackberry phones,it's good to see that John Chen is a very good CEO and manages to save it :)

15. StraightEdgeNexus

Posts: 3689; Member since: Feb 14, 2014

Geez! Now that's embarrassing..... No wonder you are making stupid comments lately.... iDumb.

23. Daniel.95

Posts: 89; Member since: Sep 20, 2012

He is looking like Jackie Chan :D

25. Ashoaib

Posts: 3260; Member since: Nov 15, 2013

jackie chan is my favorite ,+1 for you

42. WahyuWisnu

Posts: 1001; Member since: May 29, 2014

lol. i think they need a new ceo who looks like chuck norris.

50. meanestgenius

Posts: 21353; Member since: May 28, 2014

I think you need to quit hating on BlackBerry.

27. meanestgenius

Posts: 21353; Member since: May 28, 2014

Mxy, you will say anything in an attempt to make BlackBerry look bad. As I have stated NUMEROUS times, BlackBerry is getting better and will continue to do so.

43. WahyuWisnu

Posts: 1001; Member since: May 29, 2014

getting better won't make bb survive because they already in vegetable state.

51. meanestgenius

Posts: 21353; Member since: May 28, 2014

And HOW are they in a "vegetable state" if: "Cash climbed to $3.1 billion, up from last quarter's $2.7 billion." Doesn't seem like a vegetable state to me. Seems very "UN-Vegetative".

3. ArtSim98

Posts: 3535; Member since: Dec 21, 2012

I may sound stupid, but why is it financial year 2015 when it's still 2014? Or is this just an American thing like they do with car models. Anyway, great for BB. I wish all the best for them.

4. Jinto

Posts: 436; Member since: Jan 15, 2014

7. tatail

Posts: 261; Member since: Jan 08, 2010

That is why it is called Fiscal year and it is not American if you are referring to USA it is Canadian.

6. tatail

Posts: 261; Member since: Jan 08, 2010

Good job John Chen, good job team BlackBerry. I don't have to wonder what trolls will do but you should know that BlackBerry's cash just increased from 2.7 Billion to 3.1 Billion. Trolls sorry but you are going to have very rough time ahead of you, again sorry but your scream "die already" is falling to deaf ears!!

44. WahyuWisnu

Posts: 1001; Member since: May 29, 2014

lol, congratulation for you then... do you know how JC do his trick??? Let me tell you... look at the SECOND IMAGE OF THEIR FINANCIAL REPORT that PA attach above. in 2Q, 1. their inventory were decreased more than 100 million, meaning, they sell their device but didn't order new device from factory (foxcon, etc). 2. their current asset also reduced by 100 million. 3. the property is REDUCED by MORE THAN 400 MILLION. so, the EXTRA CASH they have IS NOT FROM SELLING THE DEVICE. THEY STILL IN RED!!!!! It's a smart accounting. but look, bb still have 600 million worth of real estate, they could sell another 400 million worth of real estate in q3, and 200 million worth of real estate in q4... then, they have nothing more to sell to increase company cash. and they need to start paying for the rent. thus, what jc did were short term gain. anyway, according to bb they lost about 700 million dollar value. and they only have 8 more quarter until their value became totally rubish. Here, I put the link of the image for your convinienthttp://i-cdn.phonearena.com/images/articles/125203-image/BlackBerrys-financial-report-for-Q1-of-fiscal-2015.jpg

52. meanestgenius

Posts: 21353; Member since: May 28, 2014

Ok, here we go again: One:Cash climbed to $3.1 billion, up from last quarter's $2.7 billion. See that right there? That BlackBerry GROWING CASH. Two: YES, they sold property that they no longer needed since John Chen is making a leaner, meaner, BlackBerry. Why hold onto something that you no longer require? That makes good business sense. They DO NOT need to sell more assets. That's a wet dream fantasy of yours, much like you're fantasy of BlackBerry going BANKRUPT. And I can say that because: Cash climbed to $3.1 billion, up from last quarter's $2.7 billion. I do so love putting that in there! An increase in cash is an INCREASE IN CASH. Doesn't matter HOW he did it, the FACT of the matter is that HE DID IT. You haters and trolls are GROWING more silent by the day. JC shut a lot of you up. Wish you would follow suit, and quit it with your lies.

59. NewroticSlob

Posts: 181; Member since: May 09, 2013

Yea! :)

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.