BlackBerry reports increase in first-quarter revenue to US$3.1bn

28 Jun 2013

The launch of the BlackBerry 10 platform on 30 January 2013

BlackBerry has increased its revenue in the first quarter of fiscal 2014 by 15pc to US$3.1bn, up from US$2.7bn in the previous quarter.

The company’s Q1 2014 revenue also marks an increase of 9pc from revenue of US$2.8bn in the same quarter of fiscal 2013.

Hardware accounted for 71pc of revenue in Q1 2014, while service made up 26pc of revenue, and 3pc of the total revenue came from software and other revenue.

During the quarter, BlackBerry shipped 6.8m BlackBerry smartphones, up 13pc sequentially from the previous quarter, and about 100,000 BlackBerry PlayBook tablets.

Cash flow from operations amounted to US$630m for Q1 2014, and cash and investments totalled US$3.1bn.

Thorsten Heins, president and CEO of BlackBerry, said the company focused on the global roll out of the BlackBerry 10 platform during the first quarter.

“We are still in the early stages of this launch, but already, the BlackBerry 10 platform and BlackBerry Enterprise Service 10 are proving themselves to customers to be very secure, flexible and dynamic mobile computing solutions,” Heins said.

“Over the next three quarters, we will be increasing our investments to support the roll out of new products and services, and to demonstrate that BlackBerry has established itself as a leading and vibrant player in next-generation mobile computing solutions for both consumer and enterprise customers.”

Tina Costanza was a journalist and sub-editor at Silicon Republic