Research In Motion’s Q4 earnings call
Research In Motion Limited (RIM) (NASDAQ:RIMM)(TSX:RIM), a world leader in the mobile communications market, today reported fourth quarter results for the three months and fiscal year ended March 3, 2012 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
Highlights:
- $2.1 billion in cash, cash equivalents, short-term and long-term investments at the end of the quarter, which increased by approximately $610 million in the quarter
- Cash flow from operations of approximately $1.1 billion, up from approximately $900 million in Q3
- Revenue of $4.2 billion, down 19% from the third quarter
- GAAP net loss in Q4 of $125 million or $0.24 per share diluted; adjusted net income of $418 million or $0.80 per share diluted
- BlackBerry smartphone shipments of 11.1 million in Q4, down 21% from Q3
- RIM to discontinue providing specific quantitative guidance
- RIM provides update on organizational changes
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