Sector: Technology|Industry: Communication Equipment|Market Cap: $77.32B|Employees: 21K
Motorola Solutions is a global leader in public safety and enterprise security, providing communication, video security, and command center solutions. The company's core business model revolves around designing and advancing technology for over 100,000 customers across 100 countries. Motorola Solutions' competitive advantage lies in its nearly 100 years of customer collaboration and its integrated ecosystem of safety and security technologies, including Land Mobile Radio Communications, Video Security and Access Control, and Command Center solutions. They operate across various markets, including public safety, government, and commercial enterprises worldwide.
Net sales reached $2.79B, up 9% YoY, with Products and Systems Integration growing by 11% and Software and Services by 7%. This growth was supported by both North America and International regions.
Operating earnings increased by 11% YoY to $711 million, with a significant increase in the Products and Systems Integration segment, partially offset by a slight decrease in the Software and Services segment.
Net earnings attributable to Motorola Solutions, Inc. was $562 million or $3.29 per diluted share, compared to $464 million or $2.70 per diluted share for the same period last year.