Blackberry _Set for a Turnaround?

In the fourth quarter of fiscal 2015, financially struggling Blackberry Ltd. (Blackberry) reported a narrow net profit of US$ 28 million or 5 cents per share. Though the company experienced a serious fall in revenues from US$ 793 million in the previous quarter to US$ 660 million, its second-straight quarter profits drove its stock price up by around 5%. John Chen (Chen), the CEO of Blackberry, believed that the continuing profits were an indication that the company was on its way to making a successful turnaround. He said, “Our financial viability is no longer in question. We’re now turning our attention to revenue stabilization.”..