Research in Motion (TSE:RIM) has announced its FY2011 results for the 12 months ending February 26, 2011.

Revenue for the year was $19.9 billion, up 33 percent year-on-year.

Net income was $3.4 billion, up 47 percent compared to FY2010.

The company ended the financial year with cash, cash equivalents, short and long term investments of $2.7 billion, up $227 million from three months prior. RIM said it generated around $1 billion of cash from operations during its fourth quarter.

King of the world

Over the 12 month period, RIM shipped a total of 52.3 million smartphones, up 43 percent compared to FY10, with the company claiming BlackBerry was the number one selling smartphone brand in the US, Canada, Latin America and the UK during the 2010 calendar year.

"We are pleased to report record shipments and financial performance in fiscal 2011," said Jim Balsille, RIM's co-CEO.

"As we enter fiscal 2012, RIM is in an excellent position to benefit from the continuing convergence of the mobile communications and mobile computing markets. We are laying a strong foundation for RIM's expanding market opportunity through focused investments and we are extremely excited about our smartphone, tablet and platform roadmaps."

Last quarter

Revenue for FY11 Q4 was $5.6 billion, up 1 percent year-on-year, while net income was $934 million, up 2.5 percent year-on-year.

Revenue breakdown for the quarter was 81 percent from devices, 16 percent from services and 3 percent from software and other revenue.

During its fourth quarter, RIM said it shipped approximately 14.9 BlackBerry smartphones.

[source: RIM (PDF)]