Research In Motion (RIM) has posted a 45 per cent jump in net income to $911 million for the third quarter ended November 27, 2010, driven by record sales of Blackberry phones. The entity had a net income of $628.37 million in the year-earlier, RIM said in a statement.
RIM reported a revenue of $5.49 billion for the third quarter of fiscal 2011, a growth of 40 per cent from $3.92 billion in the same quarter of last year.
The company said it has shipped a record 14.2 million smartphones during the quarter, up 40 per cent from the same period of previous fiscal.
It further said that 5.1 million net new BlackBerry subscriber accounts were added in the quarter taking the total subscriber base accounts to over 55 million.
"We are pleased to report another record quarter with strong growth in shipments of BlackBerry smartphones leading to record revenue, subscriber additions and earnings. RIM's business continues to grow and diversify as BlackBerry adoption accelerates in markets around the world," said Jim Balsillie, Co-CEO at RIM.
BlackBerry maker expects that growth momentum will continue in the upcoming quarter as well. The company forecasts its revenue to be in the range of $5.5-$5.7 billion for the fourth quarter of fiscal 2011 ending February 26, 2011.
At the end of the quarter, the total of cash, cash equivalents, short-term and long-term investments stood at $2.47 billion.
