Technology
Communication Equipment
$77.32B
21K
Key insights and themes extracted from this filing
Net sales increased by 6% YoY to $2.528 billion, with product sales up 3% and service sales up 10%. This indicates strength across the company's offerings and effective market penetration.
Gross margin increased to 51.4% from 49.9% in the prior year. This is attributed to higher sales, favorable mix, and lower direct material costs in the Products and Systems Integration segment.
Net earnings attributable to Motorola Solutions, Inc. were $430 million, or $2.53 per diluted share, compared to a net loss of $39 million, or $(0.23) per diluted share, in the prior year. This represents a substantial turnaround in profitability.