Motorola Mobility Holdings has reported net revenues of $3.1 billion in the first quarter of 2012, up 2 per cent compared to the first quarter of 2011. The net loss in the first quarter of 2012 was $10 million, compared to a net loss of $25 million, for 2011.
In the home segment it said the highlights were: Introduced Connected Home Gateway, the industry’s first plug-and-play solution for home monitoring and control services. Provided equipment and services to Asian Broadcasting Network for launch of Malaysia’s most advanced digital cable TV network.
Industry recognition of our Medios multi-screen software portfolio. Announced global distributor and integrator agreement with Edgecast’s Content Delivery Network platform, enabling advanced multi-screen service delivery to consumers.
Home segment net revenues in the first quarter were $884 million, down 2 per cent compared with the year-ago quarter. Operating earnings were $91 million compared to $81 million in the year-ago quarter.
As announced in August 2011, Motorola Mobility and Google entered into a definitive agreement for Google to acquire Motorola for approximately $12.5 billion.