BlackBerry earnings: Profit is in, Lazaridis is out

Waterloo, Ont.-based smartphone maker released its fourth quarter financial earnings Thursday morning, and BlackBerry maker had some good news for Canadians in the day before Good Friday.

According to a report from Howard Solomon at IT World Canada, BlackBerry recorded a before tax profit of $94 million for Q4 on revenue of $2.7 billion. The vendor also reported selling 1 million of its new Z10 smartphones in the quarter, which came ahead of the recent launch into the important U.S. market. And the vendor is also sitting on $2.7 billion in cash that it can use to market the Z10 and its upcoming qwerty cousin, the Q10.

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In other BlackBerry news, company co-founder Mike Lazaridis will be retiring as vice-chair, severing the last link between BlackBerry and the two men that were once synonymous with its brand, Lazaridis and co-founder Jim Balsillie. The later recently sold off the last of his BlackBerry stock, making a clean break with the company.

Source: BlackBerry co-founder Lazaridis to leave company

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Jim Love, Chief Content Officer, IT World Canada

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Jeff Jedras
Jeff Jedras
A veteran technology and business journalist, Jeff Jedras began his career in technology journalism in the late 1990s, covering the booming (and later busting) Ottawa technology sector for Silicon Valley North and the Ottawa Business Journal, as well as everything from municipal politics to real estate. He later covered the technology scene in Vancouver before joining IT World Canada in Toronto in 2005, covering enterprise IT for ComputerWorld Canada. He would go on to cover the channel as an assistant editor with CDN. His writing has appeared in the Vancouver Sun, the Ottawa Citizen and a wide range of industry trade publications.

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