Motorola Q2 Sales Soar

Mountain View, Calif. — Google’s Motorola unit boosted second-quarter revenues by 73.3 percent to $1.73 billion, following a first-quarter gain of 42 percent to $1.45 billion.
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Mountain View, Calif. — Google’s Motorola unit boosted second-quarter revenues by 73.3 percent to $1.73 billion, following a first-quarter gain of 42 percent to $1.45 billion.

The consecutive revenue gains mark a reversal for Motorola, whose fiscal 2013 revenues fell 32 percent to $4.31 billion.

Details on operating profit performance were not released, but 2013 operating losses shrank by 25 percent to $895 million. Motorola’s cellular business also posted operating losses in fiscal 2011 and 2012.

The report was heartening to Lenovo, which is acquiring Motorola from Google. Lenovo chairman/CEO Yuanqing Yang said the results “show why they can be such a strong growth engine for Lenovo once our acquisition is approved.” Motorola’s recent product launches “have been successful,” he continued. “Their performance is even stronger than expected. And this is the perfect time for Lenovo to acquire this business and accelerate our own global mobile growth.”

Once the acquisition is complete, he said, “we will be able to bring more innovative products to more consumers around the world — and we will be able to build on the momentum Motorola has built in the market.”

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