Moto Shows Q1 Muscle

Motorola Inc. (NYSE: MOT) is predicting more growth in the second quarter after reporting strong numbers for the first three months of 2005.
But Motorola's outlook for the remainder of 2005 is less clear, as CEO Ed Zander admitted on the conference call.
"I wish I was an economist with a crystal ball," he joked when asked about the recent rollercoaster nature of the financial market. "We're watching it. We're focusing on efficiency."
For the quarter ended March 31, Motorola reported revenues up 10 percent at $8.16 billion, compared to sales of $7.44 billion in the same quarter last year. Earnings per share totaled 28 cents, easily beating Wall Street's expected figure of 19 cents. Net income for the quarter was $692 million, compared with $609 million in 2004.
"March was very strong. We're predicting double-digit growth in the next quarter," Zander said. For its second quarter, Motorola is forecasting earnings per share of 23 cents to 25 cents on revenues of $8.3 billion to $8.5 billion.
Motorola has net cash of $6 billion to play with but mostly ducked the question of possible future acquisitions. In general, Moto is looking for "intellectual capital" and not planning any "blockbuster" buy-outs, Zander said.
— Dan Jones, Site Editor, Unstrung
But Motorola's outlook for the remainder of 2005 is less clear, as CEO Ed Zander admitted on the conference call.
"I wish I was an economist with a crystal ball," he joked when asked about the recent rollercoaster nature of the financial market. "We're watching it. We're focusing on efficiency."
For the quarter ended March 31, Motorola reported revenues up 10 percent at $8.16 billion, compared to sales of $7.44 billion in the same quarter last year. Earnings per share totaled 28 cents, easily beating Wall Street's expected figure of 19 cents. Net income for the quarter was $692 million, compared with $609 million in 2004.
"March was very strong. We're predicting double-digit growth in the next quarter," Zander said. For its second quarter, Motorola is forecasting earnings per share of 23 cents to 25 cents on revenues of $8.3 billion to $8.5 billion.
Motorola has net cash of $6 billion to play with but mostly ducked the question of possible future acquisitions. In general, Moto is looking for "intellectual capital" and not planning any "blockbuster" buy-outs, Zander said.
— Dan Jones, Site Editor, Unstrung
FEATURED VIDEO
UPCOMING LIVE EVENTS
February 7-9, 2023, Virtual Event
February 15, 2023, Virtual Event
March 15-16, 2023, Embassy Suites, Denver, CO
March 21, 2023, Virtual Event
May 15-17, 2023, Austin, TX
December 6-7, 2023, New York City
UPCOMING WEBINARS
February 2, 2023
DIY Data Center Automation Deep Dive: Challenges and Opportunities for CSPs, Enterprises, and Cloud Providers
February 7, 2023
Optical Networking Digital Symposium - Day 1
February 9, 2023
Optical Networking Digital Symposium - Day 2
February 14, 2023
Achieve Your Growth Potential with Next-Gen Content Delivery
February 15, 2023
Digital Divide Digital Symposium
February 16, 2023
SCTE® LiveLearning for Professionals Webinar™ Series: Getting the Edge on Edge Computing
Webinar Archive
PARTNER PERSPECTIVES - content from our sponsors
How 5G Thrives ASEAN Digital Economy
By Huawei
Capitalizing On 5G Innovation To Deliver Breakthroughs At The Edge
By Kerry Doyle, sponsored by ZTE
All Partner Perspectives