Motorola Solutions reports Q1 2012 sales of $2 billion, expects jump in Q2

Motorola Solutions (MSI) -- the less familiar Motorola that makes radios, barcode scanners and such for government and enterprise sectors -- just posted sales of $2 billion for the first quarter of 2012. This is a seven percent boost over Moto's results from the same period last year, and that growth reflects an 11 percent jump in government sales. It wasn't all rosy for Motorola this quarter, though: Profit was down two-thirds to $157 million, and sales to large businesses slipped two percent. MSI (not that MSI) expects second-quarter sales to grow six percent compared to last year's earnings, so it doesn't look like government clients will be dropping those wearable displays any time soon.

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Motorola Solutions reports Q1 2012 sales of $2 billion, expects jump in Q2 originally appeared on Engadget on Wed, 25 Apr 2012 18:24:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/04/25/motorola-solutions-reports-q1-2012-sales-of-2-billion-expects/

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