Motorola has reported sales of $5.41bn for the second quarter of 2010, down 2% compared to $5.50bn for the same period last year. It shipped 8.3 million handsets including 2.7 million smartphones.
The company reported a gross margin of $2.0bn for Q2 FY10 as compared to $1.71bn for the same period a year ago. It posted operating earnings of $363m, compared to an operating earnings of $10m for the same period last year.
For the second quarter of 2010, the company posted net earnings of $162m, compared to net earnings of $26m for the same period last year.
Revenue from mobile devices segment sales, home segment sales and network segment sales was $1.7bn, was $886m, was $967m, declining 6%, 13% and 2% respectively year-over-year. Enterprise mobility offerings segment sales rose up by 10% to $1.9bn compared with the year-ago quarter.
Greg Brown, co-chief executive officer and CEO of broadband mobility offerings at Motorola, said: "In the second quarter, our Enterprise Mobility offerings and Networks businesses continued to deliver best-in-class market leadership and financial returns, with strong operating earnings and excellent cash generation.
"In addition, last week, we announced that Nokia Siemens Networks will acquire the majority of our Networks business. We are very proud of the operational and financial performance of our Networks business and are excited to have reached this agreement to combine our Networks team with such an industry leader."
