Research In Motion’s Revenues Up Almost Incredibly

by Reads (5,529)

During its most recent financial quarter, Research In Motion (RIM) saw its revenue go up 53 percent from the same period of last year.

Revenue for the quarter was $560.6 million, up from $365.9 million in the same quarter of 2005.

The revenue breakdown was approximately 70 percent from handhelds, 19 percent from service, 7 percent from software licenses, and 4 percent from other revenue.

RIM’s GAAP net income for the quarter was $120.1 million, or 61 cents per share diluted. This is up significantly from its net income of $90.4 million, or 46 cents per share, earned in the same period last year.

About about 1.1 million handhelds shipped in the quarter.

Lawsuits in Motion

Despite these rosy results, a dark cloud hangs over RIM.

The long-running patent-infringement lawsuit brought against it by NTP has reached a cusp, and no one can say what exactly is going to happen at this point.

Still, RIM remains optimistic.

“Although our litigation has certainly been pulled into the spotlight recently, we remain intensely focused on serving our customers and partners and maintaining our longstanding culture of innovation,” said Jim Balsillie, Chairman and Co-CEO at RIM.

Looking Ahead

RIM is predicting that, during its current quarter, its revenue will be between $590 and $620 million.

The forecast for earnings per share is in the range of 76 to 81 cents per share.

The company believes that the number of new subscribers will be lower than its previously forecast, in the range of 700,000 to 750,000.

Related Links

LEAVE A COMMENT

0 Comments

|
All content posted on TechnologyGuide is granted to TechnologyGuide with electronic publishing rights in perpetuity, as all content posted on this site becomes a part of the community.