What recession? RIM is doing great
In a sign that the economy may be improving, Research In Motion, the makers of BlackBerry smartphones, has announced record sales and revenue for the fourth quarter of their fiscal year ending February 28, 2009.
RIM shipped approximately 7.8 million BlackBerry devices in the fourth quarter and approximately 26 million devices during fiscal 2009. Around 3.9 million net new BlackBerry subscriber accounts were added. As of the end of February, the total number of BlackBerry subscriber accounts was approximately 25 million.
Revenue from the fourth quarter of fiscal year 2009 was $3.46 billion. This is up 24.5% from $2.78 billion in the third quarter, and up an astounding 84% from $1.88 billion in the same quarter of last year.
Net income for the fourth quarter was $518.3 million, or $0.90 per share diluted, compared with net income of $396.3 million, or $0.69 per share diluted, in the prior quarter and net income of $412.5 million, or $0.72 per share diluted, in the same quarter last year.
The revenue breakdown for the quarter was approximately 83% for devices, 12% for service, 2% for software and 3% for other revenue.
Revenue for the fiscal year ended February 28, 2009 was an impressive $11.07 billion despite a sluggish economy, up 84% from $6.01 billion last year. For the fiscal year 2009, net income was $1.89 billion, or $3.30 per share diluted, up 46.3% over fiscal 2008.
"We are very pleased to report another record quarter with standout subscriber growth that speaks volumes about the early success and momentum of our new BlackBerry products,” said Jim Balsillie, Co-CEO at RIM.
“RIM experienced an extraordinary year in fiscal 2009, shipping our 50 millionth BlackBerry smartphone and generating $11 billion in revenue. Looking ahead into fiscal 2010, we see exceptional opportunities for RIM and its partners to leverage the investments and success of the past year to continue growing market share and profitability."
In a sign that the economy may be improving, Research In Motion, the makers of BlackBerry smartphones, has announced record sales and revenue for the fourth quarter of their fiscal year ending February 28, 2009.
RIM shipped approximately 7.8 million BlackBerry devices in the fourth quarter and approximately 26 million devices during fiscal 2009. Around 3.9 million net new BlackBerry subscriber accounts were added. As of the end of February, the total number of BlackBerry subscriber accounts was approximately 25 million.
Revenue from the fourth quarter of fiscal year 2009 was $3.46 billion. This is up 24.5% from $2.78 billion in the third quarter, and up an astounding 84% from $1.88 billion in the same quarter of last year.
Net income for the fourth quarter was $518.3 million, or $0.90 per share diluted, compared with net income of $396.3 million, or $0.69 per share diluted, in the prior quarter and net income of $412.5 million, or $0.72 per share diluted, in the same quarter last year.
The revenue breakdown for the quarter was approximately 83% for devices, 12% for service, 2% for software and 3% for other revenue.
Revenue for the fiscal year ended February 28, 2009 was an impressive $11.07 billion despite a sluggish economy, up 84% from $6.01 billion last year. For the fiscal year 2009, net income was $1.89 billion, or $3.30 per share diluted, up 46.3% over fiscal 2008.
"We are very pleased to report another record quarter with standout subscriber growth that speaks volumes about the early success and momentum of our new BlackBerry products,” said Jim Balsillie, Co-CEO at RIM.
“RIM experienced an extraordinary year in fiscal 2009, shipping our 50 millionth BlackBerry smartphone and generating $11 billion in revenue. Looking ahead into fiscal 2010, we see exceptional opportunities for RIM and its partners to leverage the investments and success of the past year to continue growing market share and profitability."
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