Strong Q4 Performance: Motorola Solutions reported a record revenue growth of 6% year-over-year in Q4, driven by double-digit growth in the video and command center segments. The total revenue for 2024 rose to $10.8 billion, reflecting an 8% increase compared to the previous year. Operating margins expanded, with GAAP operating earnings at $814 million (27% of sales) and non-GAAP operating earnings at $916 million (30.4% of sales).
Robust Backlog: The company's backlog reached a record $14.7 billion, up $438 million year-over-year, indicating strong future revenue potential. This backlog includes significant contributions from both software and services segments, with notable contracts in the pipeline reinforcing optimism for sustained growth.
Growth Forecasts: For fiscal year 2025, Motorola expects revenue growth of approximately 5.5%, adjusting for $120 million in foreign exchange headwinds. Non-GAAP earnings per share (EPS) are projected to be between $14.64 and $14.74, suggesting 16% growth compared to the previous year. Specific technology growth rates include approximately 10-12% growth in video solutions and 12% in command center offerings.