WATERLOO, Ontario, April 6 (UPI) -- Canada's Research In Motion Ltd. said Thursday it was recovering well from its $612.5 million settlement of a patent infringement lawsuit.
RIM paid the money to a U.S. law firm that alleged RIM was using the U.S. company's patents to run BlackBerry personal communication devices.
"We recently passed the $2 billion annual revenue and the 5 million subscriber milestone, and we have begun the new fiscal year with over 150 carrier partners around the world," said Jim Balsillie, co-chief executive of RIM.
RIM added some 625,000 new subscriber accounts during the quarter that ended March 4 for a BlackBerry subscriber account base was 4.9 million.
"We have seen a recovery in subscriber additions and business momentum since RIM settled the patent litigation," said Dennis Kavelman, RIM's top financial officer.
