This week Blackberry announced its quarterly earnings for the fiscal year and the quarter ending March 2 2013.
The numbers indicate a return to profitability as well as a decent adoption of the new Blackberry phone - z10. It sold a million units inspite of the numbers being only reported for 5 weeks - from end of January to beginning of March. More importantly, the company made a return to solvency. In my personal view, it is not enough for the company to show growth against its peers, but also important that out can do so efficiently and profitably.
Looking across quarters its clear that the delay in US launch meant lower numbers than what they could have been. North American sales slipped from 647 million in Q3 to 587 million in Q4. In first 2 quarters, the North American sales represented nearly 30% of revenue, while in last two it has dropped to 22%of the revenue. Hopefully, it will stabilize back to 30% in the coming quarters.
In a recent post, on Seeking Alpha, the writer has predicted a gross margin of 60%. With a price to book of 0.8, it is a good buy.
To see the updated valuation based on March report, see my post on latest valuation for Blackberry.
The numbers indicate a return to profitability as well as a decent adoption of the new Blackberry phone - z10. It sold a million units inspite of the numbers being only reported for 5 weeks - from end of January to beginning of March. More importantly, the company made a return to solvency. In my personal view, it is not enough for the company to show growth against its peers, but also important that out can do so efficiently and profitably.
Looking across quarters its clear that the delay in US launch meant lower numbers than what they could have been. North American sales slipped from 647 million in Q3 to 587 million in Q4. In first 2 quarters, the North American sales represented nearly 30% of revenue, while in last two it has dropped to 22%of the revenue. Hopefully, it will stabilize back to 30% in the coming quarters.
In a recent post, on Seeking Alpha, the writer has predicted a gross margin of 60%. With a price to book of 0.8, it is a good buy.
To see the updated valuation based on March report, see my post on latest valuation for Blackberry.
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