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PhotoNews Pakistan > Business > BlackBerry reverses plunge
Business

BlackBerry reverses plunge

Web Desk
By Web Desk Published June 20, 2014 1 Min Read
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Canadian smartphone maker BlackBerry, under new leadership, announced a small profit in a surprising turnaround yesterday despite a huge drop in revenues.

The Waterloo, Ontario-based company reported a slight profit of $23 million in its fiscal first quarter ended May 31, following back-to-back losses.

Quarterly revenue, however, fell to $966 million from $3.07 billion a year ago. This was also down from the previous quarter.

The figures do not include exceptional items such as the sale of its offices and a change in the assessed fair value of millions of dollars in debentures.

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