BlackBerry losses in first half reached $ 17 million

© AP Photo / Manu FernandezСмартфон BlackBerry KEYoneBlackBerry losses in first half reached $ 17 million© AP Photo / Manu Fernandez

The canadian company BlackBerry in the first half of the year 2018-2019 fiscal year ended August 31, reported net loss of $ 17 million against a profit of $ 690 million a year earlier, follows from the statements of the company.

Diluted loss per share was 0.08 dollars against net profit at 1.26 dollar in the previous fingado. The company’s revenue for the period decreased by 10.6% to 423 million dollars.

In this case, for the second quarter of the current fiscal year, the company increased its net profit 2.3 times to $ 43 million versus $ 19 million for the same period of the previous year. Diluted loss per share amounted to 0.04 USD against a loss of 0.11 dollar for the second quarter of last fiscal year. Revenue was at the level of $ 210 million, a decrease of 11.8% in annual terms.

«The financial results for this quarter exceeded our expectations due to a consistent increase of units BlackBerry Technology Solutions, and Enterprise Software and Services» — presented in a press release, the words CEO of the company John Chen (John Chen). At the end of the fiscal year, BlackBerry expects revenue growth in the segment of software and services to 8-10%.

The canadian company BlackBerry (formerly Research In Motion Limited — RIM) was founded in 1984. The headquarters is located in Waterloo, Ontario. Today BlackBerry is a small share in the global mobile market, but its «highlight» is mobile security.