Motorola Solutions -- the half of the company not owned by Google -- has reported a 3 percent rise in revenues to US$2.15 billion, driven by strong demand in its Government segment. These results include an unfavorable currency exchange rate impact to revenues of $42 million
Profits jumped to US$206 million from US$128 million a year ago.
Operating earnings in the third quarter of 2012 were $324 million or 15 percent of sales, compared to $254 million or 12.2 percent of sales in the third quarter of 2011.
"We had strong revenue and earnings growth, including record performance in our Government segment," said Greg Brown, chairman and CEO of Motorola Solutions. "We expanded operating margins, managed our costs and grew earnings per share 27 percent driven by our operating performance and continued return of capital to shareholders."
Government segment sales were $1.5 billion, up 12 percent from the year-ago quarter, driven by double-digit growth in North America and solid performance in EMEA and Latin America.
Enterprise segment sales were $632 million, down 13 percent from the year-ago quarter, which included the anticipated decline in iDEN sales.
The company however raised its outlook for the full year thanks to contributions from recently acquired Psion.