BlackBerry ends Q4 on a $28 million profit

BlackBerry logoBlackBerry's financial results for Q4 are out showing the company managed to end it on a profit. For the three-month period ending on February 28, BlackBerry reports a net profit of $28 million, while a year earlier the company's situation wasn't rosy with a $148 million loss.

While many analysts predicted a revenue of around $790 million, BlackBerry reported it to be slightly lower at $660 million. The company's software division plays a major role in the revenue bump, as it generated $67 million compared to Q4 2013.

This is good indication that BlackBerry's efforts to shift its revenue model from hardware-driven to software-driven could end positively for the company. Finally, BlackBerry is finally boasting a positive cash flow of $76 million, as the days of its financial turmoils hopefully far behind.

Source: GSMArena

Tags: BlackBerry, report

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