Research in Motion (RIM), the Canadian company which offers popular, BlackBerry range of mobile handsets has defied recession and has actually posted handsome growth of 84 percent in revenues for Q4 at $3.46 billion. Even on a quarterly basis, the revenues turn up to be at a growth of 24.5 percent. 3.9 million new subscribers were added to the company’s fold during the quarter in mention.
Q4 saw the company the revenue contribution as 83% for devices, 12% for service, 2% for software and 3% for other revenue, said the company. The company managed shipments totaling 7.8 million in Q4. Net income reached $518.3 million, or $0.90 per share diluted, compared with net income of $396.3 million, or $0.69 per share diluted in the preceding quarter.
Liquidity position however witnessed a dip as cash, cash equivalents, short-term investments and long-term investments was $2.24 billion as at February 28, 2009, compared to $2.49 billion at the end of the previous quarter, a decrease of $250 million over the prior quarter.
"We are very pleased to report another record quarter with standout subscriber growth that speaks volumes about the early success and momentum of our new BlackBerry products,” said Jim Balsillie, Co-CEO at RIM. “RIM experienced an extraordinary year in fiscal 2009, shipping our 50 millionth BlackBerry smartphone and generating $11 billion in revenue. Looking ahead into fiscal 2010, we see exceptional opportunities for RIM and its partners to leverage the investments and success of the past year to continue growing market share and profitability."
For the full year fiscal ending February 2009, the company recorded revenues of $11.07 million at 84 percent increase as compared to $6.01 billion last year. Full year shipments summed up to 26 million. The company’s total subscriber base at the end of February, 2009 stood at 25 million. Net income for the full year was $1.89 billion, or $3.30 per share diluted, up 46.3% over fiscal 2008.