It’s beginning to sound like a broken record. Research In Motion Limited (RIM) has reported the results of its most recent financial quarter, and, as has happened every quarter for a long time, both revenue and profits were up.
Revenue for the quarter was $366 million, up 18 percent from the previous quarter, and up 138 percent from the same quarter of last year.
About 71 percent of this revenue came from the sale of BlackBerry cellular-wireless handhelds, 17 percent from fees for the BlackBerry service, 7 percent from software licenses, and 5 percent from other sources.
Net income for the quarter was $90.4 million, or 46 cents per share diluted. This was over four times the company’s profit in the same quarter of 2003, and 20 percent higher than the company’s profit from just last quarter.
The number of current BlackBerry subscribers increased by about 387,000 from the prior quarter, bringing the total number to over 2 million.
However, everything this quarter didn’t go RIM’s way. Last week, a the U.S. Court of Appeals panel upheld a lower court’s ruling that RIM’s BlackBerry service does infringe on a number of patents held by NTP. Still, the appeals court also overturned an earlier injunction that would have completely blocked RIM from selling its BlackBerry line of wireless handhelds in the U.S. The appeals court sent the case back to the district court to take another look at how much RIM should pay in damages.
During the current quarter, RIM expects revenue to be between $390 and $410 million. It believes earnings for this quarter will be in the range of 48 cents to 54 cents per share.
RIM expects to add somewhere around 455,000 subscribers during the current quarter.