BlackBerry has posted revenues for its first-quarter fiscal 2016 of $658m, down notably on the $966m posted in the same period last year and a slight decrease on the previous quarter’s $660m.
The fall in revenues also came with a loss of $28m, which contrasts with a $28m profit in the previous quarter.
BlackBerry said that income from hardware accounted for 40 percent of revenues after selling 1.1 million smartphones in the quarter at an average selling price of $211.
This is a fall of half a million units on the 1.6 million in the previous quarter when hardware accounted for 42 percent of revenues, showing the ongoing fall in demand for its phones.
BlackBerry's services division also saw revenues fall, from 47 percent to 38 percent of total income.
However, there was on area of optimism for BlackBerry after the firm's software and technology licensing division revenues rose from 10 percent to 21 percent over just one quarter.
BlackBerry CEO John Chen highlighted the performance of this segment of the business as evidence that the firm is evolving as needed.
"This is key to BlackBerry's future growth," he said. "Our financials reflect increased investments in sales and customer support for our software business.”
Chen also said that the company is “taking steps” to make its handset business profitable.
“We believe these actions are prudent and necessary to grow the business and we believe the remaining milestones in our strategic plan are achievable," he added.
BlackBerry also announced that it has signed a cross-licensing patent deal with Cisco under which Cisco will pay a fee to use some BlackBerry technologies. The specifics of the deal, such as the cost or the technology being licensed, was not revealed.
"Our agreement with Cisco underscores the value companies place on BlackBerry's broad and foundational patent portfolio," said Dr Mark Kokes, vice president of intellectual property and licensing at BlackBerry.
"With the agreement in place, BlackBerry and Cisco can focus on innovation and continued technical cooperation, allowing our companies more freedom to create leading products and services for customers without the potential for patent disputes."
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