Motorola Solutions Reports First-Quarter 2016 Financial Results

  • Sales of $1.2 billion, down 2 percent from a year ago, including $22 million of unfavorable foreign currency impact and $61 million in revenues associated with the Airwave acquisition
  • North America sales grew 2 percent, driven by both Products and Services segment sales
  • Managed & Support services grew 30 percent, or 6 percent excluding Airwave
  • Backlog ended at $8.3 billion, an increase of 43 percent, driven by Airwave and Managed & Support services growth
  • GAAP earnings per share (EPS) from continuing operations1 of $0.10
  • Non-GAAP EPS from continuing operations* of $0.52, up 37 percent

SCHAUMBURG, Ill. — (BUSINESS WIRE) — May 5, 2016Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the first quarter of 2016. Click here for a printable news release and financial tables.

SUPPORTING QUOTE

“We delivered strong earnings growth in the first quarter driven by our North America business and Managed & Support services,” said Greg Brown, chairman and CEO of Motorola Solutions. “We're encouraged by the progress in our services business and overall backlog, which positions us well for continued earnings and cash flow growth.”

KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages)

             
    Q1 2016   Q1 2015   % Change
Sales   $ 1,193     $ 1,223       (2 )%
GAAP      
Operating Earnings $ 100 $ 119 (16 )%
% of Sales 8.4 % 9.7 %
EPS from continuing operations   $ 0.10     $ 0.40       (75 )%
Non-GAAP
Operating Earnings $ 166 $ 156 6 %
% of Sales 13.9 % 12.8 %
EPS from continuing operations   $ 0.52     $ 0.38       37 %
Product Segment
Sales $ 702 $ 758 (7 )%
GAAP Operating Earnings $ 51 $ 64 (20 )%
% of Sales 7.3 % 8.4 %
Non-GAAP Operating Earnings $ 84 $ 90 (7 )%
% of Sales     12.0 %     11.9 %      
Services Segment
Sales $ 491 $ 465 6 %
GAAP Operating Earnings $ 49 $ 55 (11 )%
% of Sales 10.0 % 11.8 %
Non-GAAP Operating Earnings $ 82 $ 66 24 %
% of Sales     16.7 %     14.2 %      

1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Aldec Webinar Nov 30

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Computer History Museum: the Future of War is Here
More Editorial  
Jobs
Principal PIC Hardware Controls Engineer for Infinera Corp at Sunnyvale, CA
Senior SW Developer for EDA Careers at San Jose, CA
REVISED***Director Product Line RF/IC for EDA Careers at San Jose, CA
ASIC Design Engineer for Infinera Corp at Sunnyvale, CA
Senior PIC Test Development Engineer for Infinera Corp at Sunnyvale, CA
Upcoming Events
“Empowering Leadership with WIT and WISDOM” at SEMI 673 South Milpitas Blvd. Milpitas CA - Nov 28, 2017
Artificial Intelligence and Convolution Neural Networks Discussion at San Jose State University Student Union Theater San Jose CA - Dec 4, 2017
Silicon Valley's Only Comprehensive Embedded Systems Conference at San Jose Convention Center 150 W. San Carlos St. San Jose CA - Dec 5 - 7, 2017
Oski Technology’s Decoding Formal Club Meeting at The Conference Center San Jose CA - Dec 7, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise