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Motorola Solutions profit rises 21%

Communications gear maker Motorola Solutions Inc posted a 21 percent rise in quarterly profit, but said it expects second-quarter revenue to be flat to down 2 percent from a year earlier.
April 24, 2013 / 17:26 IST

Communications gear maker Motorola Solutions Inc posted a 21 percent rise in quarterly profit, but said it expects second-quarter revenue to be flat to down 2 percent from a year earlier.

Net income from continuing operations rose to USD 192 million, or 68 cents per share in the first quarter, from USD 159 million, or 50 cents per share, a year earlier.

Revenue rose by about a percent to USD 1.97 billion. Sales in its government business, which brought in nearly 70 percent of its total revenue last year, rose 3 percent to USD 1.35 billion.

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