id=”inContext_disabled”> 2013-09-27 13:53
Author: James Hajost
BlackBerry has published today its financial results for the second quarter of fiscal 2014.
period which for BlackBerry second quarter of fiscal 2014 years is between 2 June 2013 and 31 August 2013.
Key Specifications:
- Revenue for Q2 was approximately $ 1.6 billion
- Loss from operations in accordance with generally accepted accounting principles (GAAP) was $ 965 million, or 1.84 dollar per share (diluted)
- Adjusted loss from operations is $ 248 million, or 0.47 dollar per share, margin amounted to $ 570 million, or 36%
- Company notes the growing interest in BES 10 of more than 25000 servers installed and tested (up from 19,000 in July 2013)
- Company has $ 2.6 billion in cash and cash equivalents
Q2 RESULTS:
Revenue for the second quarter of fiscal year 2014 was approximately $ 1.6 billion. This is a decrease of 49% compared with $ 3.1 billion in the previous quarter and a decrease of 45% compared with $ 2.9 billion in the same quarter a year earlier. The breakdown of revenue is as follows: 49% hardware, 46% and 5% service software and other revenue. The Company reported revenue of approximately 3.7 million BlackBerry smartphones. Most of them were smartphones running BlackBerry 7, partly because of BlackBerry 10 devices will be settled only after reaching the final u?ytkowniów. End users in Q2 sold about 5.9 million BlackBerry smartphones – this number includes delivery before the second quarter, which reduced the availability in retail channels.
Loss from operations in accordance with generally accepted accounting principles (GAAP) was $ 965 million, or 1.84 dollar per share (diluted), before non-cash expenses, including warehousing and supply commitments of approximately $ 934 million (“Fee Warehouse Z10 “) and restructuring costs in the approximate amount of $ 72 million (related to the program of cost optimization and resource efficiency). For comparison, a non-GAAP loss in the previous quarter was $ 84 million (16 cents per share) in the same quarter of fiscal year 2013 non-GAAP loss was $ 229 million (44 cents per share).
Adjusted loss from operations in the second fiscal quarter of 2014 was $ 248 million (47 cents per share). Adjusted loss and adjusted diluted loss per share does not include the impact of the “Storage Fees Z10″ in the amount of $ 934 million ($ 666 million net of tax), or the impact of restructuring charges of approximately $ 72 million (51 million net of taxes). The effects of the additional costs were included in the TableC you will find the link to the full text of the message.
Total cash, cash equivalents, and long-and short-term investments totaled $ 2.6 billion at August 31, 2013, compared to $ 3.1 billion in the previous quarter. Cash flow from operating activities amounted to approximately $ 136 million. Cash was issued, inter alia, on intangible assets in the amount of approximately $ 268 million and capital expenditures of approximately $ 112 million.
“We are very disappointed in our financial and operational results for the quarter and announced a series of significant changes in the competitive environment of hardware and our cost structure,” said Thorsten Heins, CEO of BlackBerry. “While our company has passed the necessary changes in order to create the best business model for our part of the production equipment, we still see the support of our customers by increasing the penetration of BES 10 whose servers installed commercially and Test, there are over 25,000, an increase from 19,000 in July in 2013. understand that some of our actions produce a sense of uncertainty, but we are still a financially strong company with $ 2.6 billion in cash and no debt.’re focused on our target markets and we are committed to the speedy completion of the transformation, to become more focused and efficient company. “
FULL MESSAGE CONTENT
Service BBNews.pl is part of PROGET.
