From InfoWorld: BlackBerry's revenue continued its dive in the three months to Nov. 29, but on Friday the company reported a smaller loss than a year earlier.
Revenue for the three months, BlackBerry's third fiscal quarter, fell to $793 million, compared to $916 million in the preceding three months and $1.19 billion a year earlier.
The company reported a net loss of $148 million for its third fiscal quarter, compared to a loss of $207 million in its second. In its first quarter, however, it had reported a small profit. A year earlier, it reported a monster $5 billion loss, which included a $1 billion inventory write-down and a $2.7 billion impairment charge.
Since then, the company has worked to reduce its recurring costs: Cost of sales is less than half what it was a year ago, and selling, marketing, and administration expenses less than a third.
The company has also, however, halved its research and development spending over the last year.
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