Motorola's Q1 Results Beat Estimates On Solid North American Sales

Federal demand improved and the order pipeline was healthy, signaling that the impact of narrowbanding in North America from prior years had started to weaken. In line with the company's guidance, overall revenues marginally declined year-over-year (y-o-y) to $1.22 billion on account of 1% growth in the Products segment, offset by a decline in Services (2%). On the cost side, the company was able to reduce its operating costs from continuing operations by about $60 million or 13% in Q1 over the ...