for our look back at how some of the biggest names in telecommunications performed financially in Q4 2012.**
Motorola Solutions Inc., which sells its communications gear through the channel, said first-quarter profit rose 21 percent but warned that second-quarter revenue will be flat, or down 2 percent, from the same time a year ago.
For the full year, Motorola said revenue will increase 3-4 percent. In January, the company had said it would show growth of up to 5.5 percent.
Overall for the first quarter, net income increased to $192 million, or 68 cents per share, from $159 million, or 50 cents per share. Revenue also went up, although by about 1 percent, to $1.97 billion. Motorola said sales in its government business grew 3 percent to $1.35 billion. The government unit accounted for almost 70 percent of the company’s total sales in 2012.
Nonetheless, Motorola’s first-quarter revenue was lower than analysts had forecast. That, and the projected revenue downgrade, was hurting the equipment maker’s share prices — its stocks were trading down 9.69 percent at 1:05 p.m. Eastern.
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May 18 2018 @ 20:40:07 UTC