Motorola Inc. reported revenues of $ 5 billion in Q1 2010 at a 6% drop while net profit for the quarter was $ 69 million as compared to loss of $ 291 million posted during corresponding quarter last year.

The reasonably improved financial results are believed to be due to the company’s focus on rolling out Android-based handsets as well as good performances from Enterprise Mobility Solutions and Networks Business. The company managed to register 2.3 million smartphone shipments during the quarter. Overall handset shipments were at 8.5 million for the quarter.

The Mobile Devices division reported an operating loss of $192m, compared with a loss of $545m a year ago with revenues at $1.6 billion at a fall of 9%. The Home Business recorded profit of $20 million but revenues were down 18% to $ 838 million.

The Enterprise Mobility unit managed sales of $1.7 billion and operating earnings of $141 million while the networks business recorded sales of $896million and operating earnings of $112 million.

Sanjay Jha, Co-CEO of Motorola’s Mobile Devices said that the mobile phone business will be profitable by Q4 this year.

"We continue to execute on our business strategy, build momentum in smart phones, and improve our operating performance," said Jha in a statement. "The Mobile Devices and Home businesses are uniquely positioned to capitalize on the convergence of mobile experiences and home entertainment."

The company also increased its guidance for smartphone shipments in the year from the originally announced figures of 11-14 million to 12-14 million.

"We are in a strong position to improve our share in the rapidly growing smartphone market, particularly in light of our competitive portfolio, strengthened brand and improved carrier relationships," added Jha.