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Research In Motion Reports 158% Increase in Revenue

By Armando Duke

Best Web Hosting Research In Motion Limited reported first quarter results for the three months ended May 29, 2004, chalking up a 158% increase over the same period last year.

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Stamps.com Reports First Quarter 2001 Financial Results Company reports 158% growth in revenue over first quarter 2000, with 39% gross margin and narrowed losses SANTA MONICA, Calif. April 17, Stamps.com™ ( STMP) today announced that revenue in the first quarter of 2001 was $5.3 million, an increase of 158% over the first quarter of 2000.

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Web Site Design And Hosting June 30, 2004 (AXcess News) Waterloo Ontario - Research In Motion Limited (Nasdaq: RIMM; TSX:RIM) reported first quarter results for the three months ended May 29, 2004. Revenue for the first quarter of fiscal 2005 was $269.6 million, up 28% from $210.6 million in the previous quarter and up 158% from $104.5 million in the same quarter of last year.

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Email Web Hosting The revenue breakdown for the quarter was approximately 68% for handhelds, 19% for service, 9% for software licenses and 4% for other revenue.

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Web Hosting Plans Net income for the quarter was $55.0 million, or $0.28 per share diluted, compared to net income of $41.5 million or $0.23 per share diluted in the prior quarter. Excluding the litigation provision of $15.6 million or $0.08 per share diluted, the Company's adjusted net income and adjusted diluted earnings per share was $70.6 million and $0.36. Higher revenues, better than expected gross margins and operating efficiencies contributed to the net income growth during the quarter.Jim Balsillie, Chairman and Co-CEO said in a news release late Tueday, "Our outlook remains positive as we enter the summer with continuing momentum on all strategic fronts."AdvertisementRimm's Blackberry subscribers have been on the climb with the company announcing new distribution agreements throughout the last quarter. The total number of BlackBerry subscribers increased by approximately 270,000 from the prior quarter to approximately 1,340,000 subscribers.

Web And Email Hosting RIM is updating revenue and earnings guidance for the second quarter of fiscal 2005 and introducing guidance for the third quarter. Revenue guidance for the second quarter of fiscal 2005 is being increased and is now expected to be in the range of $290-310 million. Revenue for the third quarter of fiscal 2005 is expected to be in the range of $340-360 million. RIM is also increasing earnings guidance for the second quarter. GAAP earnings per share (EPS) for the second quarter in now expected to be in the range of $0.32-$0.37 per share diluted and adjusted EPS is expected to be in the range of $0.40-$0.45 per share. For the third quarter, RIM is expecting EPS to be between $0.35-$0.40 per share diluted on a GAAP basis and $0.45-$0.50 cents adjusted.The total of cash, cash equivalents, short-term and long-term investments was $1.55 billion as at May 29, 2004, compared to $1.49 billion at the end of the previous quarter. Strong cash flows from operating activities contributed to the quarter over quarter increase.

Web Hosting Compare The replay of the company's Q1 conference call can be accessed after 7 p.m. (eastern), June 29, 2004 until midnight (eastern), July 13, 2004. It can be accessed by dialing 416-640-1917 and entering passcode 21041215#. The conference will also available on the RIM web site, live at 5:00 pm and archived at

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