While it's true that BlackBerry's new operating system BlackBerry 10 was instrumental in the revival of the company, much of the profit can be attributed to a year of cuts
BlackBerry has posted a net profit of $98 million for the quarter ending March 2013, this is an $89 million increase over last quarter where the company made a profit of just $9 million.
The company's return to profit has been put down to a year of cuts along with strong initial sales for the BlackBerry Z10 which has shipped around one million handsets in this first quarter alone.
BlackBerry also shipped five million non-BlackBerry 10 smartphones and just under 400,000 BlackBerry PlayBook tablets, the latter of which is rumoured to be getting an update to BlackBerry 10 sometime this year.
CEO Thorsten Heins has also confirmed that now BlackBerry 10 has been successfully launched BlackBerry co-founder Mike Lazaridis has decided to retire as Vice Chair and Director of the Company.
Widely regarded as the inventor of the BlackBerry Lazaridis has confirmed that he is stepping down to move onto a new venture.
BlackBerry will be looking to continue its move into profit through the launch of its next smartphone the BlackBerry Q10 which combines the BlackBerry 10 operating system with a full QWERTY keyboard.