BlackBerry Reports Fourth Quarter and Year-End Results for Fiscal 2014
BlackBerry Reports Fiscal Fourth Quarter Adjusted Loss Per Share of $0.08 vs. $0.67 in Previous Quarter
BlackBerry Limited (BBRY)(BB.TO), a global leader in mobile communications, today reported financial results for the three months and fiscal year ended March 1, 2014 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
Q4 Highlights:
- Cash and investments balance of $2.7B at the end of the fiscal fourth quarter
- Adjusted Q4 gross margin of 43%, up from 34% in the prior quarter
- Channel inventory down 30% from the prior quarter
- Reduced adjusted operating expenses by approximately 51% from Q1FY14
- Revenue for the fourth quarter of approximately $976 million
- Published: 28 March 2014
- Written by Editor