Canadian handset maker BlackBerry on Friday said it has narrowed its net loss for the second quarter ended August 31, 2014 to $207 million compared to the previous year helped by increased adoption of its BlackBerry Enterprises Service (BES) and handset sales.
The Waterloo (Ontario)-headquartered firm had posted a net loss of $965 million is the year-ago period.The company follows March to February fiscal year However, revenue for the second quarter of its fiscal 2015 stood at $916 million, down 42 per cent from $1.57 billion in the same quarter of previous fiscal.
The firm sold 2.1 million smartphones in the June-August quarter and issued a total of 3.1 million BES 10 licences. The monthly active users on instant chatting app BBM rose to 91 million from 85 million in the prior quarter.Quarter-on-quarter, BlackBerry had reported a net profit of $23 million and revenue of $966 million in the first quarter. It had sold 1.6 million smartphones in the March-May quarter.
“Our workforce restructuring is now complete and we are focusing on revenue growth with judicious investments to further our leadership position in enterprise mobility and security, driving us towards non-GAAP profitability during FY 2016,” BlackBerry Executive Chairman and CEO John Chen said.
The firm said its net loss includes pre-tax restructuring charges of $33 million related to the restructuring programme.The revenue breakdown for the quarter was about 46 per cent from hardware, including handdsets, services (46 per cent) and software and other revenue (8 per cent).
Handset sales, including shipments made and recognised prior to the second quarter and those that reduced “the company’s inventory in channel,” were about 2.4 million smartphones, it said.