Motorola Q1 2020 Earnings Report
Key Takeaways
Motorola Solutions reported flat revenue year-over-year but increased GAAP EPS by 30% and non-GAAP EPS by 16%. Growth in the Software and Services segment offset a decline in Products and Systems Integration. The company generated strong operating cash flow and free cash flow.
Revenue was $1.7 billion, flat compared to the previous year.
GAAP earnings per share (EPS) increased by 30% to $1.12.
Non-GAAP EPS increased by 16% to $1.49.
Backlog reached $10.4 billion, a $48 million increase year-over-year.
Motorola
Motorola
Motorola Revenue by Segment
Forward Guidance
Motorola Solutions expects a revenue decline of (17%) to (14%) for the second quarter of 2020 compared to the second quarter of 2019. The company expects non-GAAP earnings per share in the range of $1.18 to $1.27.
Revenue & Expenses
Visualization of income flow from segment revenue to net income