RIM’s 1Q Results In

View Comments

Research in MotionRIM just released their earnings results from the fiscal first quarter. At $129.8 million USD, or 68 cents a share, RIM’s profits dipped slightly, compared to $132.5 million USD, or 67 cents a share a year ago, even as sales rose 35% from a year ago. RIM also reported a revenue of $613 million USD, up from last year’s $454 million USD. RIM beat the estimates of analysts surveyed by Thomson First Call, who forecast a profit of 65 cents a share on $602 million USD in revenue.

“RIM delivered a solid quarter with strong revenue, earnings and subscriber results,” said Jim Balsillie, Chairman and Co-CEO at RIM. “BlackBerry’s ongoing competitive dominance is driving strong growth in existing markets and fuelling substantial international expansion.”

To see RIM’s full financial release, go here.

    blog comments powered by Disqus

    Bad Behavior has blocked 23983 access attempts in the last 7 days.