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Palm sums up the results of the quarter: revenues increased by 18%

The founder of the pocket computers industry has published the report on the results of the second financial quarter of 2021, which ended on December 2. Income for the reporting period amounted to 444.6 million. Doll. – 18% more than a year ago.

Net income amounted to 260.9 million. Doll. The unusually large amount reflects the effect of the partial revaluation of the provision for changes in the value of deferred tax assets of 226.3 million. Doll. (Compare to net income for the second quarter of fiscal year 2021 – 24.7 million. Doll.)

Palm holds 36% of the cell phone market in the US, according to the report. Using the numbers for the second quarter, Palm estimates its financial results for the third quarter of fiscal year 2021, which ends on March 3, 2021:

  • Income – 370-375 million. Doll.;
  • Gross margin – 33.0-33.5%;
  • Operating expenses – 100-102 million. Doll.;

And here are some of the company’s achievements over the past quarter, named in the report:

  • Development of a representative of the new generation of Palm Treo smartphones – the Treo 700w model, which is scheduled for release in early 2021;
  • Adding BlackBerry Connect functionality in early 2021 on existing and upcoming Treo 650 models;
  • Opening of the European Engineering Center, focused on cooperation with mobile operators in the region “Europe – Middle East – Africa” ​​(EMEA);
  • Launch of two new PDAs: Palm TX with Wi-Fi and Bluetooth interfaces and high-resolution color screen, and Palm Z22, an entry-level compact organizer.

Source: Palm

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