RIM reports Q3 04 results
Research In Motion (RIM) today announced its 3rd quarter fiscal 2005 results. The company's quarter ended at the end of November. Here are the interesting figures:
- $365.9 million in revenue, up 18% from previous quarter and up 138% from the same quarter of last year
- Revenue breakdown: 71% for handhelds, 17% for service, 7% for software licences and 5% for other revenue.
- Profit of $90.4 million (46 cents a share) compared to $16.33 million (10 cents a share) in the same quarter of last year.
- BlackBerry subscribers increased by 387,000 in the quarter to approximately 2,044,000 subscribers.
Despite the solid numbers, shares of RIMM [RIMM] are trading down nearly 5% in after hours trading. RIM is still in the heat of a fierce patent court battle with NTP, so investors have more than quarterly reports to worry about.
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