Research In Motion Limited (RIM) has published its financial results for the quarter ended December 1, 2012.
For the period under consideration, the company registered revenues of $2.7 billion, a 47 per cent decline from $5.2 billion in the corresponding period last year. For the quarter under review, hardware and service contributed 60 per cent and 36 per cent respectively to RIM’s overall revenue. Software contributed 4 per cent to the company’s total revenue.
For the period under consideration, RIM shipped about 6.9 million BlackBerry smartphones and about 255,000 BlackBerry PlayBook tablets. The company reported GAAP net income of $14 million, or $0.03 per share diluted from continuing operations for the quarter under consideration. GAAP net income for the quarter, including loss from discontinued operations, stood at $9 million, or $0.02 per share diluted, compared with the GAAP net loss of $235 million, or $0.45 per share diluted, in the previous quarter and a GAAP net income of $265 million, or $0.51 per share diluted, in the corresponding quarter last year.
The adjusted net loss for the period under consideration stood at $114 million, or $0.22 per share diluted. Adjusted net loss and adjusted diluted loss per share excludes the impact of pre-tax charges of $55 million ($38 million on an after-tax basis) on account of the cost optimisation and resource efficiency program undertaken by the company to reduce costs and maximise its resources. The also excludes the impact of an income tax benefit of $166 million.
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