BlackBerryNews.com

Wednesday

BREAKING NEWS: RIM Posts HUGE Q1 Results

Research In Motion 1st-quarter profit, sales more than double on strong BlackBerry sales

Information and specifics from the conference call:

• RIM now has a presence within 375 carrier networks
• 2.3 million subscribers added in Q1
• More than 16 million subscribers total
• 33% of RIM subscribers outside of North America
• 60% of subscriber additions were non-enterprise users in Q1
• Non-enterprise users comprise over 40% of total subscribers
• WES was also a huge success, with over 5000 attendees, 390 carriers, 90 countries, and 350 Alliance Partners present at Orlando’s Marriott World Center

NEW YORK (AP) — Smart phone maker Research In Motion says its fiscal first-quarter profit and revenue more than doubled, fueled by strong sales of its BlackBerry devices.

For the three months ended May 31, the Canadian company said Wednesday it earned $482.5 million, or 84 cents per share, up from $223.2 million, or 39 cents per share, in the same period a year earlier.

RIM says its revenue jumped to $2.24 billion from $1.08 billion a year earlier.

Analysts, on average, had expected slightly higher earnings of 85 cents per share on sales of $2.27 billion, according to a poll by Thomson Financial.

The company says it added about 2.3 million net new BlackBerry subscriber accounts during the quarter, bringing the total to more than 16 million.

Story courtesy of the Associated Press.

Written by BlackBerryForums.com Moderator Sith Apprentice