Motorola reports Profit in Q3
Motorola has now announced sales of $5.5 billion for Q3 of 09 and the GAAP earning via continuing operations in Q3 were $12 million or $0.01 per share with total cash at the end of Q3 being $7.2 billion which is an increase of $700 million as compared with the end of Q2.
Motorola generated $616 million of operating cash flow during Q3 and expects to continue generating positive cash flow in Q4.
Co CEO of Motorola, Sanjay Jha has stated, “We delivered on our commitment to improve the financial performance of Mobile Devices and to commercially launch two smartphones in time for the fourth- quarter holiday season. The introductions of our new products powered by Android are important milestones as we begin to address the mobilization of the Internet and the growing demand for modern smartphones. Next year, we will continue to expand our smartphone portfolio and deliver improved financial results.”