Motorola Solutions income up 8 percent to $2.1 billion in Q2

Telecom Lead India: Motorola Solutions has reported
second-quarter sales of $2.1 billion, up 8 percent from the second quarter of
2011.


Worldwide demand in its Government segment contributed to
the significant growth.


Government segment sales were $1.5 billion, up 14 percent
from the year-ago quarter, driven by growth in all regions.


Our strong revenue and earnings growth continues to
demonstrate the strength and resiliency of our business. We also are pleased to
continue to return capital to our shareholders through an increased dividend
and expanded share repurchase program,”¬Ě said Greg Brown, chairman and CEO of
Motorola Solutions.


Motorola Solutions secured multi-million dollar contracts
with the states of Arkansas, Louisiana and Ohio; the City of Lakeland, Fla.; Pennsylvania
State Police; Centre County in Pennsylvania; Utah Communication Agency
Networks; London Underground; Chilean Investigative Police; Ecuador’s National
Telecommunications Corporation for the National Police; Beijing Metro Line and
Hong Kong Mass Transit Railway.


With the City of Apopka, Fla., announced the world’s
first deployment and acceptance of a dual mode ASTRO 25 system with P25 TDMA
trunking, which is being used by Apopka police, fire and emergency management
personnel, as well as by Apopka Public Works.


The company introduced three new models in the MTP3000
TETRA handheld radio series that answer core user demands for increased user
safety and reliability and set new standards with significant improvements in
audio quality, increased network coverage, ruggedness and ease of use.


Motorola Solutions’ enterprise segment sales were $689
million, down 2 percent from the year-ago quarter, which included the
anticipated decline in iDEN sales.


The company secured contracts with key retail customers such
as Tesco, CVS Caremark and Dunkin’ Donuts, as well as a services contract with
UK Mail Group that includes asset tracking, security management, software
upgrades and device management.


Motorola Solutions also announced its vision of the
future of retail, including the launch of several advanced solutions for
retailers such as the SB-1 smartbadge, MC40 Enterprise Assistant and Mobile
Workforce Management software, which will bring retailers an omni-channel
technology strategy that delivers a superior shopping experience. The company expects third-quarter sales to grow
approximately 3 percent compared with the third quarter of 2011.


 

 

 

 

 

 

 

(In millions, except EPS)

 

Q2 2012

 

Q2 2011

 

Change

Total sales

 

$2,148

 

$1,984

 

8%

GAAP operating earnings

 

$278

 

$159

 

75%

Non-GAAP* operating earnings

 

$350

 

$304

 

15%

GAAP EPS from continuing operations**

 

$0.60

 

$0.14

 

329%

Non-GAAP EPS from continuing operations

 

$0.70

 

$0.54

 

30%



[email protected]