BLACKBERRY FIRM PROFITS BEAT EXPECTATIONS
Baku, September 17 (AZERTAC). Shares in Blackberry-maker Research in Motion (RIM) rose more than 4% in after-hours trade after the firm posted stronger-than-expected profits, according to BBC News.
Net profit for the three months to August rose to $796.7m from $475.6m a year earlier.
The company has recently been involved in a row over data security in India and the Middle East.
This was partly to blame for the firm adding fewer subscribers than expected in the quarter, RIM said.
But RIM`s co-chief executive Jim Balsillie said he believed the disputes would be successfully resolved.
“I`m optimistic that a positive and constructive outcome can be achieved.”
Revenues rose 31% to $4.62bn. Analysts had forecast revenues of $4.47bn.
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