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RIM releases Q2 results

ABJ - September - 16 - Research In Motion Limited (RIM), a world leader in the mobile communications market, has reported second quarter results for the three months ending August 27.

Revenue for the second quarter of fiscal 2012 was $4.2 billion, down 15 per cent from $4.9 billion in the previous quarter and down 10 per cent from $4.6 billion in the same quarter of last year.

The revenue breakdown for the quarter was approximately 73 per cent for hardware, 24 per cent for service, and three per cent for software and other revenue. During the quarter, RIM shipped approximately 10.6 million BlackBerry smartphones and approximately 200,000 BlackBerry PlayBook tablets.

“We successfully launched a range of BlackBerry 7 smartphones around the world during the latter part of the second quarter and we are seeing strong sell-through and customer interest for these new products. Overall unit shipments in the quarter were slightly below our forecast due to lower than expected demand for older models,” said Jim Balsillie, Co-CEO at Research In Motion. “We will continue to build on the success of the BlackBerry 7 launch to drive the business as we focus our development efforts on delivering the next generation, QNX-based mobile platform next year.”

The company’s GAAP net income for the quarter was $329 million, or 63 cents a share diluted, compared with GAAP net income of $695 million, or $1.33 a share diluted, in the prior quarter, and net income of $797 million, or $1.46 a share diluted, in the same quarter last year. Adjusted net income for the second quarter was $419 million, or 80 cents per share diluted.

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