Thursday, September 15, 2011

Research In Motion Reports Second Quarter Fiscal 2012 Results

Earlier today, Research in Motion reports Second Quarter Fiscal 2012 Results.

Higlights included:

  • Revenue in the second quarter was $4.2 billion and service revenue surpassed $1 billion for the first time
  • GAAP net income of $329 million or $0.63 per fully diluted share; adjusted net income of $419 million or $0.80 per fully diluted share
  • The BlackBerry subscriber base grew 40% year over year to surpass 70 million
  • RIM’s largest roll-out of BlackBerry smartphones was initiated with 7 new smartphones launched with over 90 carrier and distribution partners in 30 countries during the latter part of Q2
  • Approximately $780 million was invested as part of a consortium of companies that successfully bid to acquire intellectual property assets from Nortel
  • BlackBerry smartphone shipments in Q3 are estimated to grow between 27-37% over Q2 shipments

 

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