Motorola Inc's second-quarter profit surged more than six-folds to $162 million, boosted by higher revenues from wireless offerings for corporates even as handset sales slumped during the same period.
The telecom major, which has embarked on massive restructuring, had raked in a profit of just $26 million, it said in a statement today.
Moreover, the entity eked out higher June-quarter profit on revenues of $5.41 billion, which is lower than $5.49 billion revenues earned in the year-ago period.
Sales from Enterprise Mobility Solutions -- that offer services and products to businesses -- segment shot up 10 per cent to $1.9 billion in the latest quarter.
However, sales of mobile devices slumped 6 per cent to $1.7 billion. This division's "generally accepted accounting principles (GAAP) operating earnings were $87 million, which included income from a significant legal settlement of $228 million...," it noted.
In the year-ago period, the unit had incurred an operating loss of $287 million.
The US telecom entity shipped 8.3 million handsets, including 2.7 million smartphones, in the 2010 June quarter.
With intense competition, especially in the smartphone segment, Motorola's handset sales has taken a beating in recent times.
Motorola's Co-chief Executive Sanjay Jha said Droid X -- a pocket-sized home theatre -- launch has been very well received. Jha is also the CEO of Motorola Mobility.
"As we continue to execute on our business strategy, we are in a strong position to continue improving our share in the rapidly growing smartphone market and improving our operating performance," Sanjay noted.
Earlier this month, Motorola had announced that it would sell majority of Networks business to Nokia Siemens Networks for about $1.2 billion.
