Motorola Solutions reports first-quarter 2018 financial results

Source: Motorola Solutions

Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the first quarter of 2018. According to Greg Brown, chairman and CEO of Motorola Solutions, Q1 was outstanding. He said that the record Q1 backlog position and acquisition of Avigilon provide a strong foundation for continued revenue and earnings growth. For the second quarter, Motorola Solutions expects revenue growth of approximately 15 percent, with organic growth of approximately 4 percent, compared with the second quarter of 2017. For the fill year, Motorola Solutions expects revenue growth of approximately 14 percent, up from the prior outlook of 10 to 11 percent provided at the Financial Analyst Meeting on Feb. 27

In Q1 2018 Motorola Solutions; was selected by the state of Florida to build and manage a new statewide public safety network, won a $20 million for additional Managed & Support Services for the state of Indiana, won $15 million for a P25 system in Miami-Dade County, Florida and managed to close a $15 million for a four-year Managed & Support Services contract for the state of Maryland.