Cable / Telecom News

BlackBerry ends year amidst losses, but CEO Chen “pleased with progress”

WATERLOO, ON – The losses continue to mount at BlackBerry which reported its fourth quarter and year-end results for fiscal 2014 on Friday.Revenue from continuing operations for the fiscal year ended March 1, 2014 was $6.8 billion, down 38% from $11.1 billion in fiscal 2013. The company's net loss from continuing operations was $5.9 billion, compared with a net loss of $628 million last year, while its adjusted net loss from continuing operations was $711 million.For the fourth quarter, revenue fell 18% to $976 million from approximately $1.2 billion in the previous quarter, and dropped 64% from $2.7 billion in...