RIM’s 1Q Results In


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.