BlackBerry Finally Posts a Profit – Sort Of

BlackBerry this morning reported its quarterly earnings and the numbers were encouraging.

Posting a small profit of $23 million—or a minor loss of $60 million, depending on who’s accounting—the Canadian company’s shares jumped 11% as investors were impressed with the figures. The Waterloo-based smartphone maker boosted smartphone sales subsantially while also increasing its cash pile.

BlackBerry last quarter sold 2.6 million phones, far more than the anemic one million it sold in the quarter prior. And its cash pile is once again above $3 billion after dipping below that threshold last year.

Looks like BlackBerry is well on its way to become truly profitable (sans the aid of adjustments via General Accepted Accounting Principles) as CEO John Chen confidently predicted in April.