RIM Q3 Revenue Up 40%
For the third quarter of 2010, the company posted a net income of $911.11m, or $1.74 per diluted share, compared to $628.37m, or $1.1 per diluted share, for the same period in 2009.
Gross margin for the third quarter of 2010 was $2.39 billion, compared to $1.67 billion for the same period in 2009. Operating expenses were $1.13 billion, compared to $791.17m for the same period in 2009.
For the nine months ended November 27, 2010, the company posted a net income of $2.47 billion, or $4.56 per diluted share, compared to $1.74 billion, or $3.05 per diluted share. Operating expenses were $2.97 billion, compared to $2.49 billion for the same period in 2009.
Revenue was $14.35 billion for the nine months of 2010, compared to $10.87 billion for the same period in 2009. Gross margin was $6.37 billion, compared to $4.72 billion in the same period of 2009.
According to the company, approximately 5.1 million net new BlackBerry subscriber accounts were added in the quarter. At the end of the quarte`r, the total BlackBerry subscriber account base was over 55 million.
Revenue for the fourth quarter of fiscal 2011 ending February 26, 2011 is expected to be in the range of $5.5-$5.7 billion. Gross margin percentage for the fourth quarter is expected to be similar to third quarter levels. Earnings per share for the fourth quarter are expected to be in the range of $1.74-$1.80 per share diluted.
Jim Balsillie, co-CEO at RIM, said: “We are pleased to report another record quarter with strong growth in shipments of BlackBerry smartphones leading to record revenue, subscriber additions and earnings.
“With strong results and momentum from our recent product introductions, as well as growing excitement from our partners and customers around upcoming smartphone, tablet, software and service offerings, we are setting the stage for continuing success.”
Will the company constantly maintain revenue in Q4?
Have your say and discuss with your peers on the InfoGrok community.
Participate by posting your comments now.