Blackberry reports net loss of $148 million for third fiscal quarter

Even as Blackberry's revenue continued to fall over the last three months, it managed to narrow down its losses in comparison to previous year.

According to PC World, revenue for the three months, BlackBerry's third fiscal quarter, fell to US $793 million, compared to $916 million in the preceding three months and $1.19 billion a year earlier.

The company incurred a net loss of $148 million for its third fiscal quarter against $207 million in the second quarter.

The company shifted its focus to reducing recurring losses after it reported a huge loss of $5 billion that also included $1 billion inventory write-down and a $2.7 billion impairment charges a year earlier.

The report added that BlackBerry has also halved its research and development spending over the last year.