Motorola Mobility today reported net revenues of $3.0 billion in the first quarter of 2011, up 22 percent from the first quarter of 2010. Mobile Devices net revenues in the first quarter were $2.1 billion, up 30 percent compared with the year-ago quarter. In Home news,compared to a year ago, revenues were up 8 percent and operating margin was higher.
Here are some Home highlights:
• Leveraged Motorola’s 4Home managed services solution with the announcement of Verizon’s connected home services which offers home control and monitoring to FiOS subscribers.
• Acquired Dreampark, allowing the continued expansion of the Company’s cloud-based Medios software suite and strengthening the Company’s ability to provide systems integrators, service providers, enterprises and content providers with innovative solutions for deploying converged media experiences.
• Launched a new wireless video bridge solution, the VAP2400, enabling content distribution for the broadband home.
• Achieved a world record for upstream speed using Motorola’s RX48 high-sensitivity DOCSIS CMTS receiver technology, a solution that enables operators to generate incremental revenue from their existing network.
• Selected by HBO Latin America to upgrade its satellite network using MPEG-4 equipment for high-definition video service delivery.
More information on earnings can be found here
Filed under: Earnings, Mobile device
