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BlackBerry back in profit

Anonymous Coward writes | about 2 months ago

0

An anonymous reader writes "Upon arrival at the controls of BlackBerry last November, CEO John Chen seemed determined to turn things around. In only four months, it has already achieved its objectives, namely reducing operational costs by 30%. To do this, he has had to continue to cut in the workforce, reduced by half in two years.

John Chen estimated that BlackBerry has 80% chance of escape, against 50% a year ago. First positive sign. Results for the first quarter of 2014 During this period, it reported net income of $ 23 million against a loss of 84 million a year ago. However, these results take into account the sale of a building complex sold 500 million. Thus excluding exceptional items, BlackBerry still recorded a loss of $ 60 million, which is still two times lower than analysts' forecasts."

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