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)]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Top Stories
Events
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
LA Games Conference 2024 | North America | May 6th |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |