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BlackBerry reports quarterly profit on Qualcomm payment

Canada's BlackBerry reported a quarterly profit on Friday, helped by a $940 million arbitration payment from US chipmaker Qualcomm Inc.

BlackBerry reported a profit of $671 million, or $1.23 per share, for the first quarter ended May 31, compared with a loss of $670 million, or $1.28 per share, a year earlier.

Revenue fell to $235 million from $400 million. On an adjusted basis, the company reported revenue of $244 million.



Source: http://telecom.economictimes.indiatimes.com/news/blackberry-reports-quarterly-profit-on-qualcomm-payment/59287364

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