Even as Blackberry's revenue continued to fall over the last three months, it managed to narrow down its losses in comparison to previous year.
According to PC World, revenue for the three months, BlackBerry's third fiscal quarter, fell to US 793 million dollars, compared to 916 million dollars in the preceding three months and 1.19 billion dollars a year earlier.
The company incurred a net loss of 148 million dollars for its third fiscal quarter against 207 million dollars in the second quarter.
The company shifted its focus to reducing recurring losses after it reported a huge loss of 5 billion dollar that also included 1 billion dollar inventory write-down and a 2.7 billion dollars impairment charges a year earlier.
The report added that BlackBerry has also halved its research and development spending over the last year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app