Motorola revenues up 29pc

20 Jul 2006

Mobile communications equipment company Motorola has reported a record 29pc hike in revenues for the second quarter, driven by increased sales of handsets.

During the quarter the company shipped 51.9 million handsets worldwide as its global handset market share is estimated to be up 4.3 percentage points to 22pc global share.

Revenues came in at US$10.8bn, up 29pc compared to the second quarter last year.

The company reported increased sales of digital entertainment set-top boxes, with some 2.4 million devices shipped during the second quarter.

The company also revealed that since the third quarter of 2005 it shipped nearly 10 million music handsets and launched the MOTO (RED) SLVR, joining with Bono and Project Red to fight AIDS and poverty in Africa.

“Motorola continues to deliver excellent quarterly sales and earnings growth,” commented Ed Zander, chairman and CEO. “With our solid financial performance and unrelenting focus on innovation and customer satisfaction, Motorola is among the fastest-growing large-cap technology companies in the world.

“In the second quarter, all of our businesses improved sales and grew profits sequentially versus the first quarter. Mobile devices led the way, setting records for unit shipments, sales and profits,” Zander said.

While all was rosy in Motorola’s corporate garden, Irish workers at the company last week received the news that 30 jobs were to go in Cork. However, this was considerably less than the 150 jobs originally feared would be lost as part of a global restructuring programme.

By John Kennedy