Blackberry 2014 Annual Report Download - page 167

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BlackBerry Limited
Management’s Discussion and Analysis of Financial Condition and Results of Operations
37
offset by an increase in the recovery of income taxes and a reduction in operating expenditures. The decrease in the Company's
consolidated gross margin in the fourth quarter of fiscal 2014 was attributable to decreases in service revenue and the number
of devices for which revenue was recognized compared to the fourth quarter of fiscal 2013. The decrease in consolidated gross
margin also reflects the Company's fixed costs being allocated over lower shipment volumes. Hardware revenues have lower
gross margins than the Company’s consolidated gross margin. Service revenues earn higher gross margins than sales of
handheld devices.
The weighted average number of shares outstanding was 526 million common shares for basic and diluted loss per share for the
fourth quarter of fiscal 2014. The weighted average number of shares outstanding was 524 million common shares for basic
earnings per share and 527 million for diluted earnings per share for the fourth quarter of fiscal 2013.