Motorola has reported Q4 revenues of US$5.7 billion, down from US$7.1 billion last year, but the company says it is operating well despite the challenging economic environment and Android has a lot to do with it.
For the full year 2009, sales were US$22 billion and losses narrowed from US$4.1 billion a year earlier to US$51 million.
During the quarter, Motorola generated positive operation cash flow of US$877 million. For the full year the company generated operating cash flow of US$629 million and ended the year with US$8 billion in cash.
“We performed well in the face of a challenging environment in 2009. Our results demonstrate the strength of our market leadership and the resilience of these businesses and our people,” said Greg Brown, Motorola co-chief executive officer and CEO of Broadband Mobility Solutions.
“As market growth returns, we are well positioned to take advantage of our investments in key global markets with a competitive cost structure.”
Segment sales for Motorola’s Mobile Devices
Motorola’s Mobile Devices segment sales were $1.8 billion, down 22pc compared with the previous year. Enterprise Mobility Solutions segment sales were $2.0 billion, down 12pc and Home & Networks Mobility segment sales were $2.0 billion, down 24pc.
The company’s outlook for the first quarter of 2010 is a loss of US$0.01 to US$0.03 per share.
“Our first Android smart-phone devices have been very well received,” said Sanjay Jha, co-CEO. “We look forward to broadening our handset portfolio in 2010 with the launch of at least 20 smart-phone devices around the world and continued evolution of our MOTOBLUR service.
“With an aggressive product and brand strategy and our continued focus on operational efficiency, we are building on our momentum to further improve the financial performance of the Mobile Devices business,” Jha said.
By John Kennedy
Photo: The Motorola Droid