Strong Earnings Show Palm Is On A Roll - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Infrastructure

Strong Earnings Show Palm Is On A Roll

Quarterly profits jumped from $4.4 million a year ago to $29.9 million, while revenues increased 36% to $388.5 million.

BlackBerrys don't rule the entire wireless world, and Palm has proof. The maker of smart phones and PDAs reported soaring profits this week and gave most of the credit to sales of its popular Treo smart phones.

Palm reported revenue of $388.5 million for the third quarter of its fiscal year, which ended March 3, up 36% from the same period a year ago. Net income was $29.9 million, compared to $4.4 million in 2005.

Palm attributes the growth to sales of its Treo smart phones, particularly the Treo 700w, which runs Microsoft's Windows Mobile 5.0 platform, and the Treo 650, which runs the Palm OS. Carriers and other distributors reportedly sold 569,000 smart phones in the third quarter, up more than double the sales of a year ago.

The Windows Mobile platform lets Palm better compete for business customers against the Blackberry, which is the leader in the business market. It comes with "push" E-mail like the BlackBerry, but doesn't require additional middleware as does the BlackBerry service. "We see more enterprise customers welcome us on the Windows Mobile platform," says Joe Fabris, Palm's director of wireless marketing.

Palm hopes to build on the gains with new products. It plans to come out with three more Treo-type devices this year. Fabris wouldn't provide additional details, but said Palm will take advantage of third-generation cellular networks that wireless carriers have built out. That may mean more business-class devices with significantly faster Web browsing speeds.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
News
How GIS Data Can Help Fix Vaccine Distribution
Jessica Davis, Senior Editor, Enterprise Apps,  2/17/2021
Commentary
Graph-Based AI Enters the Enterprise Mainstream
James Kobielus, Tech Analyst, Consultant and Author,  2/16/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
White Papers
Register for InformationWeek Newsletters
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
Slideshows
Flash Poll