Blackberry 2006 Annual Report Download - page 7

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5
Fellow Shareholders:
Fiscal 2006 has been a year of
accomplishment for Research
In Motion and we would like to
take this opportunity to thank
our customers, partners and
shareholders for their support
over the past year as we worked
our way through the patent
litigation. Even with the obstacles
we faced this year, our nancial
and business performance was
exceptional.
During scal 2006:
• Revenues grew 53% to
over $2 billion;
• Over 4 million BlackBerry
devices were shipped;
• The BlackBerry subscriber base
nearly doubled to 4.9 million;
• 110 new carrier partners were
added around the world;
• Several new devices were
launched, including the
BlackBerry 7130e for Ev-DO
networks and the EDGE-based
BlackBerry 8700 Series which
represents an entirely new
platform for the BlackBerry
solution;
• A new version of BlackBerry
Internet ServiceTM was launched;
• BlackBerry Enterprise Server
v4.1 and MDS v4.1 with support
for web services were brought
to market.
We are proud of what RIM has
achieved through the hard work
and dedication of our employees
and we have provided updates
on some key areas of the
business below.
Financial Results
and Administration
Revenue in scal 2006 grew
53% to $2.07 billion compared
to $1.35 billion in scal 2005.
Devices continued to be the
largest contributor, representing
69.7% of revenue, with service
and software at 18.5% and 7.6%,
respectively. We believe overall
revenue was adversely impacted
in the fourth quarter of scal
2006 as a result of certain
customers delaying purchases
due to uncertainty created by
the patent litigation.
Research In Motion
a world of
During scal 2006,
revenues grew
53% to over
$2 billion.
5