Zebra Technologies reported that first quarter sales rose 17% over the same period last year, and that first quarter net income rose 164.5% over the same period last year. Contributing to the gain in net income were operating margin improvements of 6.6%.
Net income in the first quarter exceeded $24 million compared to $9.3 million in Q1 2009.
“Broad-based demand across geographies, products and industries led to Zebra’s strong first quarter performance, as customers invested in Zebra solutions to improve asset management and visibility across the supply chain,” stated Anders Gustafsson, Zebra’s chief executive officer. “During the quarter, we hired more sales and marketing employees in high growth emerging regions to capture more business opportunities. We also continued to develop innovative new products in terms of performance, features
and integration to distance Zebra further from the competition. These activities give us optimism about Zebra’s future and our direction in building shareholder value.”
About Zebra Technologies:
Zebra Technologies Corporation (NASDAQ: ZBRA) provides the broadest range of innovative technology solutions to identify, track, and manage the deployment of critical assets for improved business efficiency. Zebra’s products include reliable on-demand printers and state-of-the-art software and hardware solutions utilizing a wide array of automatic identification technologies. By enabling improvements in sourcing, visibility, security and accuracy, Zebra helps its customers to put the right asset in the right place at the right time. Zebra serves more than 90 percent of Fortune 500 companies worldwide. For more information about Zebra's solutions, visit http://www.zebra.com.