RIM reports strong revenue performance in latest quarter

BlackBerry creator Research In Motion earned $129.8 million in its latest quarter and added 680,000 users, boosting revenue by 35%, an Associated Press report said.

The report said the profit for RIM's fiscal first quarter, equal to $0.68 per share, was fairly steady compared with the same period last year, when the Canadian company posted a net income of $132.5 million, or $0.67 per share.

The report also said analysts had expected a first-quarter profit of $0.65, according to a survey by Thomson Financial. RIM's stock jumped nearly 4% in after-hours trading, rising $2.55 a share to $68.53 after gaining about $0.26 during the regular session.

Revenue totaled $613.1 million for the three-month period ended June 3, rising from $453.9 million a year earlier. About 71% of those sales came from selling BlackBerry devices, which doubled as mobile phones, the report said.

RIM also said it expected revenue for the current quarter to total from $620 million to $650 million with subscriber account additions between 675,000 and 700,000, according to the report.