Sign in to comment!

Menu
Home

Markets

Motorola Solutions profit jumps on higher government spending

Communications gear maker Motorola Solutions Inc's quarterly profit rose 89 percent, boosted by higher government spending on public safety.

Net income from continuing operations rose to $336 million, or $1.18 per share, in the fourth quarter, from $177 million, or 54 cents per share, a year earlier.

Revenue rose 6 percent to $2.44 billion.

Excluding items, the maker of two-way radios and public safety equipment earned $1.10 per share from continuing operations.

(Reporting by Neha Alawadhi in Bangalore; Editing by Sriraj Kalluvila)