RIM 2nd quarter 2008 results up

[Barry]

RIM reported second quarter results for the three months ended September 1, 2007. Revenue for the second quarter of fiscal 2008 was $1.37 billion, up 27% from $1.08 billion in the previous quarter and up 108% from $658.5 million in the same quarter of last year. The revenue breakdown for the quarter was approximately 78% for devices, 15% for service, 4% for software and 3% for other revenue. Approximately 1.45 million BlackBerry® subscriber accounts were added in the quarter and over 3 million devices were shipped. The total BlackBerry subscriber account base at the end of the second quarter was approximately 10.5 million.

Income for the quarter was $287.7 million, or $0.50 per share diluted, compared with net income of $223.2 million, or $0.39 per share diluted, in the prior quarter and net income of $140.2 million, or $0.25 per share diluted, in the same quarter last year. Please note that the earnings per share reflect the effective 3-for-1 stock split that was implemented in the quarter.

Revenue for the third quarter of fiscal 2008 ending December 1, 2007 is expected to be in the range of $1.60-1.67 billion. Subscriber account additions in the third quarter are expected to be approximately 1.65 million. Earnings per share for the third quarter are expected to be in the range of $0.59-0.63 per share diluted.

The total of cash, cash equivalents, short-term and long-term investments was $1.73 billion as at September 1, 2007, compared to $1.56 billion at the end of the previous quarter, an increase of $166 million over the prior quarter. Uses of cash in the quarter included capital expenditures of approximately $79 million.


Highlights of the Second Quarter Include:

• Sprint and Alltel launched the BlackBerry 8830 World Edition in the U.S.
• Bell Mobility and TELUS launched the BlackBerry 8830 World Edition in Canada.
• Telefónica launched the BlackBerry Curve in Argentina, Brazil, Ecuador and Chile as well as the BlackBerry Pearl in Mexico.
• Telcel launched the BlackBerry Curve and the red BlackBerry Pearl in Mexico.
• TIM launched the BlackBerry 8800 in Brazil.
• Entel PCS launched the BlackBerry 8800 and the BlackBerry Curve in Chile.
• The Carphone Warehouse launched the BlackBerry Pearl, the BlackBerry Curve and the BlackBerry 8800 in the UK.
• Vodafone launched the BlackBerry Curve 8310 in the UK, Germany, Portugal, Croatia, Slovenia and The Netherlands.
• O2 launched the BlackBerry Curve in the UK and Ireland.
• Orange launched the BlackBerry 8820 in the UK, Switzerland, Belgium, Poland, Romania, Slovakia and Spain.
• SFR launched the BlackBerry 8820 and the BlackBerry Curve 8310 in France.
• mobilkom launched the BlackBerry Curve 8310 in Austria.
• Swisscom launched the BlackBerry Curve 8310 in Switzerland.
• TIM Italy launched the BlackBerry Curve and the red BlackBerry Pearl in Italy.
• TMN launched the BlackBerry Curve in Portugal.
• Vodafone launched the BlackBerry Pearl and the BlackBerry 8800 in Turkey.
• Avea launched the BlackBerry Curve and the BlackBerry 8820 in Turkey.
• Turkcell launched the BlackBerry Curve in Turkey.
• Vodafone launched the BlackBerry Pearl in Egypt.
• DoCoMo launched Japanese text input support for the BlackBerry 8707h and BlackBerry Enterprise Server.
• 3Hong Kong launched the BlackBerry Curve, the BlackBerry 8820 and the red BlackBerry Pearl in Hong Kong.
• SmarTone-Vodafone launched the BlackBerry Curve 8310, the BlackBerry 8820 and the red BlackBerry Pearl in Hong Kong.
• Peoples, PCCW and CSL launched the BlackBerry Curve in Hong Kong.
• Bharti launched the BlackBerry Curve and the BlackBerry 8820 in India.
• Vodafone Essar launched the BlackBerry Curve 8310 and the BlackBerry 8820 in India.
• Optus launched the BlackBerry Curve in Australia.
• Vodafone launched the BlackBerry Curve 8310 in Australia.
• M1 launched the BlackBerry Curve in Singapore.
• SingTel and StarHub launched the BlackBerry Curve and the BlackBerry 8820 in Singapore.
• BlackBerry ISV Alliance members continued to build upon the BlackBerry platform with a range of new products and services that help customers extend their wireless data strategies beyond wireless email.

_________________
Start Posting for Cool Prizes!