As the year comes to an end, the companies have been making announcements about their last quarter results and have been providing the investors with all the data they need to make sure that their investment will be safe in the company. Tech giant Motorola has also announced its results, the once dominating company in the mobile phone market has been absent from the market for most of the time.
The American multinational has been making some amazing silent progress as the company showed in the results of the third quarter. The quarter proved to be an amazing one for revenue generation and cash generation, which was not expected of the company. They have shown record earnings and sales in their latest report, which has boosted the optimism of the investors in the company, and the company will be seeing a good start of the next quarter and will be more profitable as the investments will be rising by a huge amount. Sales were $2.0 billion, up to $132 million, or 7% from the year-ago quarter, driven by growth in the Americas. Revenue from acquisitions was $58 million, and currency headwinds were $21 million in the quarter.
With such amazing growth numbers being put out by the company, we are expecting it to do some wonders in the coming financial year of 2020. The company is also preparing the launch of its new flagship smartphone that will battle out the top tier ones and is expected to rake in good sales.
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