Motorola Solutions Reports Second-Quarter Results

Company Raises Full Year Outlook

SCHAUMBURG, Ill. — (BUSINESS WIRE) — July 28, 2011Motorola Solutions, Inc. (NYSE: MSI):

  • Announces $0.22 per share quarterly cash dividend
  • Board of directors authorizes up to $2.0 billion share repurchase program through 2012
  • Ended quarter with total cash* of $6.7 billion
  • Sales of $2.1 billion, up 6 percent from second-quarter 2010
  • Government sales of $1.3 billion, up 4 percent from second-quarter 2010
  • Enterprise sales of $747 million, up 11 percent from second-quarter 2010
             
(In millions, except earnings per share)   Q2 2011   Q2 2010   Change
Total sales   $2,055   $1,936   6%
GAAP operating earnings   $170   $161   6%
Non-GAAP operating earnings   $315   $267   18%
GAAP EPS from continuing operations**   $0.17   $0.01   1600%
Non-GAAP*** EPS from continuing operations**   $0.57   $0.37   54%
     

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