CEO hopes for a ‘positive outcome’ to the issue.
Jim Balsillie, co-CEO of Blackberry makers Research in Motion, believes that the company has made “good progress” with the regulatory bodies of India and UAE and hopes that a “positive outcome” will be reached.
In early August, Telecommunications Regulatory Authority of UAE had issued a ban against all Blackberry services from October 11, 2010 citing national security threat due to having no control over the transmitted data from the BB network. TRA had said that this posed a major security risk as it could be exploited by criminals.
“On the topic of lawful access, RIM is continuing discussions with governments and carriers in India and the UAE, and they believe we have made good progress in those discussions,” said Balsillie during RIM’s second-quarter conference call.
“The details of such discussions are, of course, confidential but I’m optimistic that a positive and constructive outcome can be achieved that addresses the regulatory requirements of government and the security and privacy needs of corporations and consumers.”
Blackberry also highlighted increased revenue and earnings per share for their fiscal Q2 2011:
- Revenue: $4.62 billion, up 31% year-over-year
- Earnings per share: $1.46, up 76% year-over-year
- 12.1 million smartphones shipped in Q2
- Net income: $796.7 million
“We expect a continuation of this momentum in the third quarter as we extend the rollout of new products including the BlackBerry Torch into additional markets and benefit from heavy promotional activities and increasing customer demand as we head into the holiday buying season,” Balsillie said of the company’s progress.