Motorola Solutions’ net sales for 2015 fell slightly due to a $186 million decline in products and services revenue, but its expenses fell faster at 6% with the biggest decline ($140 million) in SG&A expenses. This can be attributed to the company’s cost-cutting efforts, headcount reductions and the sale of extra land at its Schaumburg facility. As a result of the decline in expenses, Motorola’s EBITDA (excluding certain charges) increased 9% to $1.05 billion.
from Forbes – Tech http://ift.tt/1QRdW6t
via IFTTT