Motorola Solutions Inc

Strong Financial Performance: Motorola Solutions reported record first-quarter revenue of $2.5 billion, marking a 6% increase year-over-year (YOY). Non-GAAP earnings per share (EPS) rose 13% to $3.18, reflecting improved operating margins driven by higher sales, favorable mix, and lower material costs.

Software and Services Growth: Revenue in the Software and Services segment grew 9% YOY, indicating strong adoption of their software applications across the safety and security ecosystem. The announcement of new product launches, including SVX and Assist, is expected to further bolster growth in this area, with recurring revenue growing significantly.

Robust Backlog and Order Growth: The ending backlog was reported at $14.1 billion, despite a sequential decline typically seen in Q1, driven by strong LMR shipments. Overall orders have been robust with significant wins, especially in public safety, suggesting future revenue streams remain strong.