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Motorola Solutions - unrelated to cellphone and set-top box
maker Motorola Mobility, which is owned by China's Lenovo - has
been cutting costs aggressively in the face of sluggish sales.
The company's major customers include police and fire
departments as well as other government agencies, which have
been hit budget cuts.
Motorola Solutions said earlier this year that private equity
firm Silver Lake would invest $1 billion in the company to boost
its services business, which also serves governments, businesses
and public safety organizations.
The company said its net income from continuing operations
attributable to Motorola Solutions rose to $126 million, or 63
cents per share, in the third quarter ended Oct. 3, from $66
million, or 27 cents per share, a year earlier.
Costs fell 1.9 percent to $737 million.
Overall revenue fell marginally to $1.42 billion. Excluding the
impact of a strong dollar, sales increased 3 percent.
Analysts on average had expected the company to report revenue
of $1.41 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Devika Krishna Kumar in Bengaluru; Editing by Ted
Kerr)
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