Motorola Solutio Stock Price, News & Analysis

Motorola Solutions (NYSE: MSI) reported strong Q2 2024 results, prompting an increase in full-year revenue and earnings outlook. Key highlights include:

- Sales of $2.6 billion, up 9% year-over-year
- Products and Systems Integration sales up 15%
- Software and Services sales flat; up 11% excluding U.K. Home Office sales
- GAAP EPS of $2.60, up 21%
- Non-GAAP EPS of $3.24, up 22%
- Operating cash flow of $180 million, up $87 million

The company raised its full-year 2024 guidance, now expecting revenue growth of approximately 8% and non-GAAP EPS between $13.22 and $13.30 per share.

Motorola Solutions (NYSE: MSI) has announced that it will release its second-quarter 2024 earnings results after the market closes on Thursday, August 1. Following the earnings release, the company will host a quarterly conference call with financial analysts at 4 p.m. Central (5 p.m. Eastern) on the same day. Investors and interested parties can access the live webcast of the conference call through the company's investor relations website at www.motorolasolutions.com/investors. This event provides an opportunity for stakeholders to gain insights into Motorola Solutions' financial performance and future outlook directly from company executives.

Motorola Solutions (NYSE: MSI) has announced the establishment of a new Research and Development Centre in Cork, Ireland, which is set to create 200 highly skilled jobs. This centre will focus on designing software for Motorola's land mobile radio (LMR) portfolio and other future technologies. This investment is part of over $12 billion spent on R&D and acquisitions in the past decade. The Cork centre will enhance the company's existing presence in Ireland, which supports the National Digital Radio Service. The investment is backed by the Irish Government through IDA Ireland. The new centre aims to bolster innovation in public safety communications and reflects Motorola Solutions' commitment to employing a diverse and skilled workforce.

Motorola Solutions (NYSE: MSI) has acquired Noggin, an Australian-based provider of critical event management (CEM) software. Noggin offers a cloud-based platform that enhances business continuity planning, operational resilience, and incident management with features like flexible workflows, built-in maps, and situational awareness dashboards. This acquisition aims to bolster Motorola Solutions' portfolio in emergency coordination and enterprise security, enabling better connectivity and collaboration for public safety agencies and enterprises. Financial details of the transaction were not disclosed.

Motorola Solutions (NYSE: MSI) has published its 2023 Corporate Responsibility Report, showcasing its dedication to environmental, social, and governance (ESG) initiatives. Key highlights include a $858 million investment in R&D, enhancing their portfolio of 6,560 patents with 775 pending. The company advanced AI technologies to improve emergency response and secured recognition from various esteemed organizations. Record employee volunteerism of nearly 100,000 hours and $10.3 million in grants were directed towards underserved communities. Motorola Solutions also launched the GO ALL Inclusive initiative and expanded its diverse supplier base by over 700, supporting 3,500 supplier jobs. The report emphasizes continual efforts to reduce greenhouse gas emissions and foster sustainability.

Motorola Solutions (NYSE: MSI) has launched VESTA NXT, a 9-1-1 software designed to enhance call handler efficiency and reduce information overload. The software integrates AI to handle non-emergency calls, potentially reducing the workload of call handlers by 20-35%. VESTA NXT consolidates data from various public safety systems onto one platform, providing important information like maps, floor plans, and caller details to call handlers and dispatchers. This technology aims to streamline the 9-1-1 call process, allowing faster and more accurate emergency responses. VESTA NXT is available both as a cloud-based and on-premises solution and offers a consistent user experience across multiple devices. It will be featured at the NENA Conference in Orlando, FL from June 28 to July 3.

The Motorola Solutions Foundation, in partnership with Calculated Genius, awarded $100,000 in scholarships to 40 students from underserved Chicagoland communities pursuing technology and engineering degrees. Each scholarship provides $3,000 for the first year and $2,500 each subsequent year for up to four years. Recipients also receive mentorship and internship opportunities from Motorola Solutions. The students, many of whom are women and first-generation college students, were recognized at a special ceremony in Chicago. The program aims to enhance diversity and inclusion in engineering and technology fields.

Motorola Solutions (NYSE: MSI) announced that Police Scotland will deploy 10,500 VB400 body cameras to front-line officers. The £13.3 million (~$16 million) investment aims to enhance transparency, accountability, and public safety.

A public consultation revealed that 81% of 9,000 respondents believe body cameras will boost public confidence. Deputy Chief Constable Jane Connors highlighted their potential to improve evidence quality and expedite justice.

The VB400 cameras capture high-quality video and audio, with footage securely stored in VideoManager. Police Scotland joins other global law enforcement agencies using Motorola's technology.

Motorola Solutions (NYSE: MSI) announced that its Avigilon Unity on-premise video security suite has been added to the Department of Defense’s Information Network Approved Products List (DoDIN APL). This certification ensures that the suite meets the highest standards for data security and interoperability. The suite provides advanced video security solutions for defense, intelligence, and federal law enforcement agencies, aiding in the protection of essential assets and military personnel. This certification streamlines the procurement and deployment process across global agency networks. The Avigilon Unity suite includes cameras, software, and network video recorders that can be configured for Federal Information Processing Standard (FIPS) 140-2 compliance. The suite joins Motorola Solutions’ WAVE Tactical interoperable communication and broadband push-to-talk solution, which also received DoDIN APL certification in 2023.