Motorola Q4 2021 Earnings Report
Key Takeaways
Motorola Solutions reported a 2% increase in sales for Q4 2021, reaching $2.3 billion. The Software and Services segment saw an 8% growth. The company's GAAP EPS was $2.30, and non-GAAP EPS was $2.85. They achieved a record full-year operating cash flow of $1.8 billion and a record backlog of $13.6 billion.
Q4 sales increased by 2% year-over-year, driven by growth in North America.
Software and Services segment sales grew by 8% in Q4, fueled by LMR services, video security, and command center software.
GAAP EPS for Q4 was $2.30, while non-GAAP EPS reached $2.85.
The company's record backlog reached $13.6 billion, with significant increases in both Software and Services and Products and Systems Integration segments.
Motorola
Motorola
Motorola Revenue by Segment
Forward Guidance
The company expects revenue growth of approximately 3% compared with the first quarter of 2021. The company expects non-GAAP earnings per share in the range of $1.53 to $1.59 per share. For full year 2022, the company expects revenue growth of approximately 7% and non-GAAP earnings per share in the range of $9.80 to $9.95 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income