BlackBerry Inc. reported revenue of $658 million US for its first fiscal quarter ended May 30, down from $966 million US a year earlier. The company said in a press release that hardware accounted for 40 per cent of that revenue, services for 38 per cent, and software and technology licensing for 21 per cent. For the same quarter a year earlier, it reported at the time that 54 per cent of revenue was from services, 39 per cent for hardware, and 7 per cent from software and other revenue. BlackBerry reported a net income of $68 million US, which it said included $157 million US in “non-cash income associated with the change in the fair value of the debentures” and $61 million in pre-tax charges related to restructuring. A year earlier, it reported a profit of $23 million US. The release added that the company “recognized hardware revenue on approximately 1.1 million BlackBerry smartphones,” down from 1.6 million a year earlier.