Motorola revenue up 28%
By Asha

Motorola Chairman and CEO Sanjay Jha will be a happy man these days.  Motorola’s Second Quarter Financial highlights are

- Net revenues of $3.3 billion, up 28 percent from second quarter 2010
- GAAP net loss of .19 per share compared to net earnings of .27 per share in second quarter 2010
- Non-GAAP earnings of .09 per share compared to .30 loss in second quarter 2010
- Mobile Devices revenues of $2.4 billion, up 41 percent from second quarter 2010; GAAP operating loss of $85 million; non-GAAP operating loss of $31 million
- Shipped 11.0 million mobile devices, including 4.4 million smartphones and 440,000 tablets
- Home revenues of $907 million, up 2 percent from second quarter 2010; GAAP operating earnings of $62 million; non-GAAP operating earnings of $90 million

“In the second quarter, Mobile Devices launched several new smartphones in the U.S. and markets around the world. Revenues grew over 40 percent driven largely by Latin America and China where sales more than doubled year over year. Our Home business delivered another strong performance, and we introduced several innovative products and services for next generation multi-screen video solutions,” said Sanjay Jha, chairman and chief executive officer, Motorola Mobility. “With a focus on profitable growth and delivering differentiated LTE smartphones and tablets, we expect to achieve profitability in Mobile Devices in the fourth quarter and for the full year 2011.”