Second Quarter Financial Highlights
-Internet revenues of $3.3 billion, up 28 percent from second quarter 2010
-GAAP internet lack of $.19 per share in comparison to internet earnings of $.27 per be part of
second quarter 2010
-Non-GAAP earnings of $.09 per share in comparison to $.30 reduction in second
quarter 2010
-Mobile Products revenues of $2.4 billion, up 41 percent from second quarter
2010 GAAP operating lack of $85 million non-GAAP operating lack of $31
million
-Shipped 11. million mobile products, including 4.4 million mobile phones and
440,000 pills
-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
LIBERTYVILLE, Ill. This summer 28, 2011 Motorola Mobility Holdings, Corporation. (New york stock exchange: MMI)
today reported internet revenues of $3.3 billion within the second quarter of 2011, up 28 percent
in the second quarter of 2010. The GAAP internet reduction in the 2nd quarter of 2011 was
$56 million, or $.19 per share, in comparison to internet earnings of $80 million, or $.27 per
share, within the second quarter of 2010. On the non-GAAP basis, the internet earnings within the
second quarter of 2011 were $26 million, or $.09 per share, in comparison to some lack of $87
million, or $.30 per share, within the second quarter of 2010.
Total cash in the finish from the quarter was $3.2 billion and includes cash, cash counterparts
and funds deposits, and operating income was breakeven for that quarter.
Particulars on non-GAAP changes and using non-GAAP measures are incorporated
later within this pr release as well as in the financial tables.
"Within the second quarter, Mobile Products released several new mobile phones within the U.S.
and marketplaces all over the world. Revenues increased over 40 % driven usually by Latin
America and China where sales a lot more than bending annually. The House business
shipped another strong performance, and that we introduced several innovative items
and services for next generation multi-screen video solutions," stated Sanjay Jha,
chairman and ceo, Motorola Mobility. "Having a concentrate on lucrative
growth and delivering classified LTE mobile phones and pills, we be prepared to achieve
profitability in Mobile Products within the 4th quarter but for the twelve month 2011."
Operating Results
Mobile Products internet revenues within the second quarter were $2.4 billion, up 41 percent
in comparison using the year-ago quarter. The GAAP operating loss was $85 million
in comparison to operating earnings of $87 million around-ago quarter. The non-GAAP
operating loss was $31 million in comparison for an operating lack of $109 million within the
year-ago quarter. The Organization shipped an overall total of 11. million mobile products, including
4.4 million mobile phones and 440,000 Motorola XOOM pills. Within the second quarter
of 2010, the organization shipped 8.3 million mobile products, including 2.7 million
mobile phones.
Mobile Products highlights:
-Broadened Motorola Android family at Verizon Wireless Carrier with the development of
Android X2 and Android 3 by Motorola both having a dual-core 1GHz processor,
supplying better gaming encounters, web browsing, multi-tasking, and Adobe�
Flash� video performance
-Released 4 new mobile phones in China, such as the Motorola XT883 with China
Telecom, the latest and many advanced person in the effective Milestone
product family, and also the XT316, Motorola's first value listed smartphone for
emerging market customers
-Introduced intends to launch 10 products this year with Sprint, including Motorola
Photon 4G, Sprint's first worldwide smartphone, the ready-for business
Motorola XPRT smartphone, the Motorola TITANIUM smartphone featuring
iDEN technology, and Motorola TRIUMPH , something listed smartphone for
prepaid clients on Virgin Mobile USA
-Broadened distribution from the ATRIX 4G smartphone and Motorola XOOM
pills into Latin America, China, Korea, and Europe
-Named exclusive U.S. launch marketing partner for mobile products and pills
by Spotify. Spotify is definitely an award-winning digital music service that provides customers ondemand
use of among the world's biggest music libraries
Home segment internet revenues within the second quarter were $907 million, up 2 percent
in comparison using the year-ago quarter. GAAP operating earnings were $62 million,
in comparison to $29 million around-ago quarter. Non-GAAP operating earnings
elevated to $90 million from $58 million around-ago quarter. The Organization
maintained its leadership in key marketplaces with set-top deliveries up a lot more than 10
percent as in comparison towards the year-ago quarter.
Home highlights:
-Introduced Motorola Televation , a broadband video device enabling
customers to look at live TV on the connected IP device anywhere round the
home
-Released the Medios Xperience platform which allows operators to merge
video quite happy with social media, games and web-based content, and deliver
more interactive functionality with broadcast television and video-on-demand
services
-Selected by Time Warner Cable to build up a relevant video gateway platform able to
delivering a professional in-home theatre experience and introduced the
DCX3600M, Motorola's first video gateway device
-Selected by ESPN to transition all programming for ESPN and ESPN-2 systems
for an MPEG-4 HD format using Motorola's video distribution solution
Third-Quarter and 2011 Outlook
The Business's outlook for that third quarter and twelve month 2011 may be the following:
-Third-quarter internet earnings per share of $.00 to $.10
-2011 internet earnings per share of $.48 to $.60
-Excludes charges connected with products from the variety typically outlined through the
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