BlackBerry surprise with better financial results
The financial results for the last quarter of the fiscal year on BlackBerry proved better than expected, as revealed smaller loss than forecast by analysts. This led to an increase in the price of the shares of the Canadian company. At the same time revenues are less and disagree with expectations, which means that the financial situation of BlackBerry deteriorate.
Revenue for the period decreased by 64% on year base to 976 million dollars, and the loss is 423 million dollars, which is significantly less than that recorded in the previous quarter loss of 4.4 billion dollars. During the quarter were sold 3.4 million smartphones, and of these only 1.1 million were models of BlackBerry 10. Financial reserves have fallen to $ 2.7 billion from 3.2 billion in the previous quarter.