WATERLOO, Ont. – BlackBerry, which revolutionized the mobile industry when its smartphones hit the market in 1999, has been fighting to turn itself around by cutting costs and pushing sales in its software business.
READ MORE: BlackBerry shares climb as revenue slide slows
The company released first-quarter results Tuesday that offer a glimpse into how it is faring in that battle. Here’s a look at the figures, including its closing stock prices:
Revenue: $658 million, lower than the $679 million analysts predicted.
Smartphone revenue: $263 million, a drop from $379 million in the same quarter a year ago.
BlackBerrys sold: 1.1 million, a steep fall from the 2.6 million phones sold a year earlier.
Software licensing revenue: $137 million, about one fifth of total revenue. That’s also a 150 per cent increase from the same quarter the previous year.
Stock price: Closed Tuesday on the Nasdaq at US$8.81, down 39 cents. On the Toronto Stock Exchange, the company’s shares finished at C$10.88, down 44 cents.