After posting losses in four consecutive quarters, Canadian handset maker BlackBerry has posted a net profit of $23 million for the quarter ended May 31, 2014 (Q1-FY15). This however includes a non-cash income of $287 million associated with the change in the fair value of the debentures, offset by pre-tax restructuring charges of $226 million related to the Cost Optimization and Resource Efficiency (“CORE”) program which started in March 2012. Without these, the company would've posted a loss of $60 million for the quarter. The total revenues was at $966 million for the quarter, registering a marginal 1% dip from $976 million revenues in the previous quarter. Operating Highlights - Services accounted for 54% of BlackBerry's revenues, down from 56% in the previous quarter but more than double of 26% in the same quarter last year. - Hardware sales accounted for 39% of BlackBerry's…
