By Gautham Nagesh - 10/28/10 12:55 PM EDT
Motorola posted strong third-quarter results Thursday, reporting a revenue increase for the first time in nearly four years on brisk sales of smartphones based on Google's Android mobile operating system.
Motorola reported revenue of $5.8 billion in the recently ended quarter, up 6 percent from a year ago. Earnings per share were also ahead of expectations at 16 cents per share. The revenue increase is the first since 2006 and was largely due to a 20 percent spike in sales of mobile devices.
Motorola was among the first smartphone makers to embrace the Android platform and sold 3.8 million smartphones during the third quarter while launching several new models both domestically and in China.
“In the third quarter, Motorola Mobility showed positive momentum across the business, with Mobile Devices reaching profitability for the first time in over three years and Home continues to maintain its leadership position,” said co-chief executive officer and Motorola Mobility CEO Sanjay Jha, singling out the launch and sales of Android-based phones.
Co-chief executive officer Greg Brown said Motorola's broadband infrastructure business experienced strong growth, while the public-safety business "remains resilient." Motorola shares were up almost 4 percent in pre-market trading.