Motorola
Solutions posted 10 percent increase in revenue at $2.1 billion in Q3 2011 from
$1.9 billion in Q3 2010 driven by demand in all regions across both its
government and enterprise segments.
Motorola Solutions net earnings were $128 million in Q3 2011 as compared with $110 million in Q3
2010.
“Our
customers continue to invest in solutions that increase revenues and improve
operating efficiency,” said Greg Brown, chairman and CEO of Motorola Solutions.
“In addition
to our robust growth this quarter, we returned significant capital to
shareholders. We repurchased $744 million of stock, initiated our dividend and
generated very strong operating cash flow,” Brown added.
Government
segment sales were $1.4 billion, up 9 percent from the year-ago quarter.
Motorola
Solutions secured multi-million dollar public safety contracts with Jefferson
County 911 Dispatch in Missouri; Morris County in New Jersey; the city of
Cleveland; the state of Hessen, Germany; the National Police of Colombia; the
Public Safety State Council of Jalisco, Mexico; and Shangdong Police in China.
It
also renewed a $95 million managed services and support agreement with Airwave
for its UK TETRA network, the largest TETRA network in the world with 250,000
subscribers and nationwide coverage.
The
company shipped one millionth MOTOTRBO digital two-way radio, the first digital
radio in the professional market that Motorola Solutions introduced in 2007.
It
signed an agreement to help the Brazilian Army test 4G LTE technologies for
mobile broadband applications for public security operating in the 700MHz
frequency range; also released first devices for LTE, a vehicle modem and a USB
modem, which allow public safety personnel to access a Band Class 14 Public
Safety LTE network.
Enterprise
segment sales were $726 million, up 13 percent from the year-ago quarter.
It won
awards from customers such as Posten Logistik Group in Sweden, DHL Express in
France, GDF Suez in France and Jumbo Supermarkets in the Netherlands.
The
company completed the acquisition of Rhomobile, a mobile application
development platform company.
It
also secured a significant managed services win with Sears, and a WLAN contract
that includes deployment and maintenance services with Raley’s grocery stores
in western United States.
By
Telecomlead.com Team
editor@telecomlead.com
