RIM’s Q2 2007 Fiscal Earnings

Comments

RIM has released their preliminary Q2 2007 fiscal results (more about that here). So how did they do?

Revenue for the second quarter of fiscal 2007 was $658.5 million, up 7.4% from $613.1 million in the previous quarter and up 34.4% from $490.1 million in the same quarter of last year. The revenue breakdown for the quarter was approximately 72% for handhelds, 19% for service, 6% for software, and 3% for other revenue.

Approximately 705,000 BlackBerry subscriber accounts were added in the quarter, giving them a total BlackBerry subscriber account base of approximately 6.2 million.

Revenue for the third quarter of fiscal 2007 ending December 2, 2006 is expected to be in the range of $780-$820 million, with subscriber account additions in the third quarter expected to be approximately 800,000 (a little low considering what the Pearl should do for them).

The total of cash, cash equivalents, short-term and long-term investments was $1.2 billion as at September 2, 2006, compared to $1.3 billion at the end of the previous quarter, a decrease of $100 million over the prior quarter.