BlackBerry posts fresh losses as it focuses on biz software


epa05239094 (FILE) A file photo dated 16 March 2016 showing small compartments containing Blackberry mobile phones built together to resemble a Blackberry logo at the CeBIT computer trade show in Hanover, Germany. Blackberry on 01 April 2016 reported losses but still better than expected fourth quarter 2015 results. Blackberry reported a quarterly revenue of 487 million USD, while analysts had expected 563 million USD. EPA/MAURITZ ANTIN

OTTAWA: BlackBerry suffered another loss in its latest fiscal year and now aims to return to profitability by refocusing on business services, away from consumer handsets, the Canadian company said. 

The Waterloo, Ontario-based firm reported a net loss of US$208mil (RM808.62mil) for the year ended on Feb 29, while revenues fell more than 35% to US$2.16bil (RM8.39bil). 

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