Motorola Q3 net earnings triple year over year
Motorola last week announced net earnings of $479 million–or 20 cents per share–in the third quarter 2004, a 313% increase over the $116 million–or 5 cents per share–posted in the same quarter last year. Sales for Q4 2004 totaled $8.6 billion, a 26% increase over the $6.8 billion reported for Q3 2003.
The company’s Commercial, Government and Industrial Solutions sector reported sales of $1.2 billion, a 12% increase year over year, and earnings of $185 million, a 27% increase over the $146 million reported in the same quarter last year. The success was driven primarily by continued investments by government customers worldwide in homeland security-oriented technologies. For example, CGIS received a $329 million contract from the Commonwealth of Virginia for a statewide multi-agency radio system during the quarter.
In other news, Motorola said it would deploy a Dimetra IP TETRA system to a public transportation agency in the Slovak Republic. The deal calls for Motorola to supply 1200 portable and mobile terminals.
