Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Applications
    • Applications
    • Mobile

    BlackBerry Q2 Revenue Falls, Still Seeks Profitability by 2016

    By
    Todd R. Weiss
    -
    September 26, 2014
    Share
    Facebook
    Twitter
    Linkedin
      BlackBerry

      BlackBerry continues its journey from enterprise smartphone leader some six years ago to finding a new enterprise niche in 2014 as it reported that its revenue dropped to $916 million in the second quarter of fiscal 2015, down from $966 million in the first quarter.

      The company also posted a GAAP net loss of $207 million for the second quarter, which ended Aug. 30, compared with a $965 million loss in the same quarter of 2013, according to a financial statement released by BlackBerry on Sept. 26. Those figures compare to a modest net profit of $23 million earned in the first fiscal quarter of 2015, which ended May 31.

      The company said that its revenue for Q2 was split 46 percent from hardware sales, 46 percent from services, and 8 percent from software and other revenue. BlackBerry said it sold about 2.4 million BlackBerry smartphones to customers in the quarter.

      “We delivered a solid quarter against our key operational metrics, and we are confident that we will achieve breakeven cash flow by the end of [fiscal year 2015],” John Chen, the company’s chairman and CEO, said in a statement. “Our workforce restructuring is now complete, and we are focusing on revenue growth with judicious investments to further our leadership position in enterprise mobility and security, driving us towards non-GAAP profitability during FY16.”

      The lower Q2 revenue figure, however, came despite a $30 million revenue gain in North America, where $297 million was booked, up from $276 million in the first quarter, according to BlackBerry. Revenue in the Europe, Middle East and Africa market dropped to $368 million in Q2, down from $414 million in Q1. Revenue in Latin America dropped to $111 million, down from $125 million in Q1, while in the Asia Pacific market revenue dropped to $140 million, down from $151 million in Q1.

      The company said it had 91 million monthly active BlackBerry Messenger (BBM) users in Q2, up from 85 million in Q1.

      The BlackBerry of a year ago was an entirely different company, a larger, less laser-focused enterprise run by a different executive team, according to an earlier eWEEK report. Chen has trimmed his staff, sold off real estate and arranged partnerships—such as the deal announced June 18 with Amazon—to prevent his team’s energies from being spread out or diluted.

      The company just launched its latest new $599 BlackBerry Passport smartphone for enterprise users on Sept. 24.

      Earlier in September, BlackBerry acquired Movirtu, a U.K. startup whose specialized software enables a smartphone to have more than one phone number. By effectively dividing a smartphone into what amounts to multiple devices, Movirtu enables companies to avoid paying costs incurred by employees who use corporate devices for personal use, according to an earlier eWEEK report. The software enables split billing along with the use of personal and corporate profiles. With this new functionality, BlackBerry will be able to provide iOS, Android and BlackBerry device users with a fair and accurate way to split phone and data service bills between employers and their staff people and contractors.

      Todd R. Weiss
      As a technology journalist covering enterprise IT for more than 15 years, I joined eWEEK.com in September 2014 as the site's senior writer covering all things mobile. I write about smartphones, tablets, laptops, assorted mobile gadgets and services,mobile carriers and much more. I formerly was a staff writer for Computerworld.com from 2000 to 2008 and previously wrote for daily newspapers in eastern Pennsylvania. I'm an avid traveler, motorcyclist, technology lover, cook, reader, tinkerer and mechanic. I drove a yellow taxicab in college and collect toy taxis and taxi business cards from around the world.

      MOST POPULAR ARTICLES

      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Big Data and Analytics

      Alteryx’s Suresh Vittal on the Democratization of...

      James Maguire - May 31, 2022 0
      I spoke with Suresh Vittal, Chief Product Officer at Alteryx, about the industry mega-shift toward making data analytics tools accessible to a company’s complete...
      Read more
      Big Data and Analytics

      GoodData CEO Roman Stanek on Business Intelligence...

      James Maguire - May 4, 2022 0
      I spoke with Roman Stanek, CEO of GoodData, about business intelligence, data as a service, and the frustration that many executives have with data...
      Read more
      Applications

      Cisco’s Thimaya Subaiya on Customer Experience in...

      James Maguire - May 10, 2022 0
      I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
      Read more
      Cloud

      Yotascale CEO Asim Razzaq on Controlling Multicloud...

      James Maguire - May 5, 2022 0
      Asim Razzaq, CEO of Yotascale, provides guidance on understanding—and containing—the complex cost structure of multicloud computing. Among the topics we covered:  As you survey the...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×