Motorola Solutions announced that its fourth-quarter revenues rose by six per cent 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 six per cent to US$8.7 billion. For the full year, government sales were up 12 per cent and Enterprise sales declined five per cent. These results include revenue for Psion, which was acquired on October 1, 2012.
“We strengthened our product portfolio, expanded operating margins, generated US$1.1 billion in operating cash and returned US$2.7 billion in capital to our shareholders,” said Greg Brown, chairman and CEO of Motorola Solutions.
For Q4, government segment sales were US$1.7 billion, up 10 per cent from a year-ago. Operating earnings were US$346 million, compared to US$226 million a year ago.
Enterprise segment sales were down by three per cent to US$733 million. Excluding Psion, sales would have been down 12 per cent. Operating earnings were US$77 million, compared to US$50 million a year ago.
Motorola Solutions’ outlook for the first quarter of 2013 is for revenue growth of 4 – 5 per cent year-on-year. For the full-year 2013, the company expects revenue growth of approximately 5 – 5.5 per cent compared with 2012.