BREAKING NEWS: RIM Posts HUGE Q1 Results
June 25th, 2008 | by Sith_Apprentice |
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.
7 Responses to “BREAKING NEWS: RIM Posts HUGE Q1 Results”
By ezrunner on Jun 25, 2008 | Reply
holy smokes RIM is on Fire
By juwaack68 on Jun 25, 2008 | Reply
My brother used to work for Motorola in South Florida. When Mot let go a bunch of people, RIM was literally in the parking lot interviewing people…and hired many of them. And then opened an office nearby.
By Jagga on Jun 25, 2008 | Reply
Unfortunately this was UNDER what Wall Street was expecting, by 1US Cent! Because of this I watched RIM’s stock DROP by $13US dollars in less than 8 minutes. Actually watching CNNHeadline News on TV they gave 1 minute a second by second watch of the stock and it went from $6US down to $12 before they stopped. :O - it was like loosing to Galaxian on the last line. It really hurt.
I don’t think RIM has an office in Florida; maybe outsourced, but they DO have one in Texas state.
By Jibi on Jun 25, 2008 | Reply
Jagga, they have a call center in Texas, but they have offices and home office positions in quite a few states. Fort Lauderdale and Miami are the locations of the RIM offices in Florida.
By Dave on Jun 26, 2008 | Reply
It’s so sad. This is the announcement of a company in health making lots of money but because it’s never enough it seems to be a bad news. This is why the world will get fucked up by us within a few generations.