phone, it said.
Because BlackBerry uniquely runs a global network that handles data from all of its older models as well as some BlackBerry 10 phones, the company also has a highly profitable services business. But that segment did not escape decline, falling 27% to $724 million. Its performance was slightly improved by $25 million in delayed payments BlackBerry collected from wireless carriers in Venezuela. That money had been blocked by Venezuela’s foreign exchange regulator.
While BlackBerry has repeatedly boasted about the number of corporations that have downloaded its new corporate server software, it acknowledged in the filing that far fewer of them than expected had decided to purchase the software and related services after testing it.
The filing suggests that BlackBerry will still go ahead with its plans to lay off about 40 percent of its remaining staff, about 4,500 people, despite the Fairfax bid. The company indicated that it expected to post about $400 million in charges related to those layoffs during its current fiscal year, up from a previous estimate of $100 million.