Motorola Earnings
Earnings are definitely a touchy subject for a corporate blog (anything financial is), so I decided just to cut and paste the relevant info from the official earnings release. The Connected Home Solutions group hit some impressive milestones this quarter including nearly 5 million digital devices shipped and over a million DVRs.
Connected Home Solutions segment sales were $1.0 billion, up 42 percent compared with the year-ago quarter. Excluding highlighted items, operating earnings were $113 million, compared with operating earnings of $47 million in the year-ago quarter. Operating margin, excluding highlighted items, was 10.9 percent compared to 6.4 percent in the year-ago quarter.
During the quarter, Connected Home Solutions:
- Achieved double-digit growth in sales and operating margin
- Set a quarterly record with 4.9 million digital entertainment device shipments, including shipments of 1.1 million digital video recorders
- Shipped the company’s one millionth IPTV set top
- Reached the 500,000 video stream milestone, shipping to service providers worldwide
- Completed the acquisitions of Netopia and Tut Systems
- Following the close of the quarter, began shipping digital cable set-tops that support FCC-mandated separable security
Filed under: DRM, IPTV, Motorola News
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[...] About ← Motorola Earnings [...]
[...] Wondering how fast IPTV is growing? According Rethink Research Associates, the number of IPTV homes will rise from roughly three million now to more than 50 million in the next five years. Now compare that statistic against the fact that Motorola has just shipped its two millionth IPTV set-top. (For more reference, Motorola announced one million IPTV set-tops shipped just five months ago.) [...]