TORONTO — BlackBerry said Friday it is committed to completing a series of major changes quickly after posting a nearly billion-dollar loss and a 45 percent drop in revenue for the second quarter.
“We are very disappointed with our operational and financial results this quarter and have announced a series of major changes to address the competitive hardware environment and our cost structure,” chief executive Thorsten Heins said in a statement.
The troubled smartphone company reported a loss of $965 million on revenue of $1.6 billion, in line with what it warned when it surprised the market by releasing dismal earnings projections last week and announcing 4,500 layoffs. A year ago, it lost $235 million on revenue of $2.9 billion.
The company had announced Monday that Fairfax Financial Holdings, BlackBerry’s largest shareholder, is making a tentative $4.7 billion offer to buy the company.
