Research in Motion (RIM) yesterday released its latest set of financial results, which showed that the company has enjoyed bumper growth in the past few months and last year as a whole.
Even the announcement that a US Securities and Exchange Commission (SEC) probe into stock option practices has been turned into a formal investigation did not overshadow RIM's results glory.
During the quarter ending March 3, in which RIM added more than one million new subscribers, revenue was $930.4 million, up 66 per cent from the same period the year before.
Almost three-quarters (73 per cent) of the revenue generated during the three months came from handhelds, with the remaining portions coming from services, software and other areas of the business.
Full year results were equally as rosy with more than six million devices shipped during the period and revenue generation of $3.0 billion, a 47 per cent increase in the $2.1 billion the company reported last year.
"We are entering fiscal 2008 with very healthy subscriber growth momentum, a strong slate of products and services, exceptional partnerships and a growing market leadership position," said Jim Balsillie, RIM's co-chief executive.
"We look forward to building on this momentum and further extending the market opportunity for RIM and its partners in the coming year."
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