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Motorola Solutions Posts Sharp Rise in Profits on Government Sales
Published on:
Motorola Solutions has announced that its fourth-quarter revenues rose by 6 percent to reach US$2.44 billion while net profits jumped to US$336 million from US$184 million a year ago.
Full-year revenues were also up by 6 percent to US$8.7 billion. For the full year, Government sales were up 12 percent and Enterprise sales declined 5 percent. These results include revenue for Psion, which was acquired on Oct. 1, 2012.
"It was another outstanding year for Motorola Solutions as we continued to deliver strong operational and financial results," said Greg Brown, chairman and CEO of Motorola Solutions. "We strengthened our product portfolio, expanded operating margins, generated $1.1 billion in operating cash and returned $2.7 billion in capital to our shareholders."
For the fourth-quarter, government segment sales were $1.7 billion, up 10 percent from a year-ago. Operating earnings were $346 million, compared to $226 million a year ago.
Enterprise segment sales were down by 3 percent to US$733 million. Excluding Psion, sales would have been down 12 percent. Operating earnings were $77 million, compared to $50 million a year ago.
Motorola Solutions' outlook for the first quarter of 2013 is for revenue growth of 4 to 5 percent compared with the first quarter of 2012. For the full-year 2013, the company expects revenue growth of approximately 5 to 5.5 percent compared with 2012
Tags: [motorola solutions] [USA]
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