Motorola Mobility Q3 revenue up 11% to $2.9 billion; home business fell 10%

Motorola Mobility Holdings posted net revenues of $3.3 billion in Q3
2011, up 11 percent from $2.9 billion in the third quarter of 2010.

The company’s net loss in Q3 2011 was $32 million as against $34 million
in Q3 2010.

Total cash at the end of the quarter was $3.3 billion and includes cash,
cash equivalents and cash deposits. Operating cash flow was $25 million for the

“With the recent launch of our iconic Motorola RAZR, we now have several
4G LTE devices in our portfolio. Our home business is creating innovative
solutions for our customers, taking leadership in the transition to all-IP
networks, and delivering solid levels of profitability,” said Sanjay Jha,
chairman and chief executive officer, Motorola Mobility.

Mobile devices net revenues in Q3 were $2.4 billion, up 20 percent
compared with the year-ago quarter. The growth was driven by demand in overseas

In Q3 2011, Motorola shipped 11.6 million
mobile devices, including 4.8 million smartphones and approximately 100,000
Motorola XOOM tablets. In the third quarter of 2010, the company shipped 9.1
million mobile devices, including 3.8 million smartphones.

Home segment net revenues in the third quarter were $825 million, down
10 percent compared with the year-ago quarter.

4Home software platform chosen to power Verizon’s new Home Monitoring
and Control service in North America for the smart, digital home.

It introduced family of advanced video processing technologies to drive
bandwidth efficiency and video quality in the European market, including the
SE-6000 video encoder and the ST-6000 transcoder.

Motorola expanded Internet Protocol (IP) growth and leadership in
Russia, extending IPTV set-top rollout with telecom provider Vimpelcom.

The company was selected by Henan Cable to deliver Video On Demand and
Network Digital Video Recording services to its 3.6 million subscribers in
China, using M3 Media Server family.

By Team
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