Today : Friday - Sep 19, 2014, 01:17am (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Gulf News
::| Latest News
News in Pictures

Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

BlackBerry posts surprise Q4 profit after cutting costs

Friday - Mar 29, 2013, 02:28pm (GMT+5.5)
[+] Text [-]

London - BlackBerry has reported a surprise profit in the fourth quarter due to a radical cost-cutting plan the smartphone maker is undertaking.

BlackBerry said it had sold 1m of its new Z10 phone, which was released early this year.

The latest results did show that the 1billion dollars cost-cutting programme embarked on last year is polishing the company's margins.

The Canadian company posted a profit of 98 million dollars for the quarter compared with a loss of 125 million dollars in the same period a year ago, the Telegraph reports.

However, revenues dropped 2pc to 2.7 billion dollars for the quarter, trailing the 2.83 billion dollars that Wall Street has forecast.

According to the paper, Thorsten Heins, who has run BlackBerry since January last year, insisted that the its new phone and operating system is the "most innovative mobile computing platform in the market."

Given the phone only went on sale in major markets such as the US last week, analysts said it remains too early to judge whether the device will be enough to wrestle back share from Apple and manufacturers that use Google's Android software such as Samsung, the report added.


Rating (Votes: )   

blog comments powered by Disqus

Other Articles:
Rising demand for new bank branches: Chidambaram (29th Mar, 2013)
China Railway net profit goes up (29th Mar, 2013)
VW's 2015 Golf to be made in Mexico (29th Mar, 2013)
L&T completes acquisition of valve-maker Audco (29th Mar, 2013)
DDA renews Taj Palace Hotel's lease for 25 years (29th Mar, 2013)
Himachal to have new industrial policy (29th Mar, 2013)
Three hundred new bank branches to open Friday in UP (29th Mar, 2013)
US delegation meets Modi, praises Gujarat (29th Mar, 2013)
BEL to make components for Boeing's Hornet fighter jet (29th Mar, 2013)
HDFC Bank cuts lending rates by 0.1% effective Mar 30 (29th Mar, 2013)
RBI notifies new interest rates on PPF, SCSS a/c w.e.f April 1 (29th Mar, 2013)
Samsung Galaxy S4 to be launched in India on April 26? (29th Mar, 2013)
Nokia plays down $383 million tax order (28th Mar, 2013)
Facebook says number of users who pay to play games rose by 24 pc in 2012 (28th Mar, 2013)
CII Business Confidence Index rises in fourth quarter FY13 (28th Mar, 2013)
Two Indian firms to build Ethiopian roads (28th Mar, 2013)
Chinese company sues Apple over patent dispute (28th Mar, 2013)
South Korea slashes 2013 growth outlook (28th Mar, 2013)
Twitter expected to earn $1 billion in ad revenue in 2014 (28th Mar, 2013)
Sensex trades flat as automobile, bank stocks plummet (28th Mar, 2013)
Forecast shows optimism on Swedish economy (28th Mar, 2013)
IMF sees big gains from energy subsidies reform (28th Mar, 2013)
Canada's consumer prices jump up (28th Mar, 2013)
South Korea maintains current account surplus (28th Mar, 2013)
April-February fiscal deficit at $93.2 billion (28th Mar, 2013)

Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use