MOTOROLA SOLUTIONS Reports Q2 2023 Earnings Results
August 20, 2023
☀️Earnings Overview
MOTOROLA SOLUTIONS ($NYSE:MSI) reported total revenue of USD 2403.0 million for the second quarter of the fiscal year 2023, which ended on June 30 – a 12.3% increase from the same period last year. Additionally, the company’s net income rose to USD 371.0 million – a 62.7% jump from the year before.
Share Price
MOTOROLA SOLUTIONS reported its second-quarter earnings results for 2023 on Thursday. The company attributed the increase in net income to a successful integration of its recent acquisition and a focus on cost control. This indicates that the company is taking measures to reduce its financial obligations and become more profitable. The company’s ability to successfully integrate their acquisitions and focus on cost control has enabled them to remain profitable and pay generous dividends to shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Motorola Solutions. More…
| Total Revenues | Net Income | Net Margin |
| 9.65k | 1.52k | 16.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Motorola Solutions. More…
| Operations | Investing | Financing |
| 1.75k | -825 | -971 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Motorola Solutions. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.25k | 11.9k | 2.02 |
Key Ratios Snapshot
Some of the financial key ratios for Motorola Solutions are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.1% | 10.3% | 21.6% |
| FCF Margin | ROE | ROA |
| 15.5% | 457.5% | 10.7% |
Analysis
At GoodWhale, we have been analyzing the fundamentals of MOTOROLA SOLUTIONS. We have found that MOTOROLA SOLUTIONS is strong in dividend, profitability, and medium in asset and growth according to our Star Chart. We have classified MOTOROLA SOLUTIONS as a ‘gorilla’ type of company, which means it has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are interested in MOTOROLA SOLUTIONS should be aware of its high health score of 8/10. This score indicates that MOTOROLA SOLUTIONS is capable to sustain future operations in times of crisis due to its cashflows and debt. Therefore, investors who are looking for a stable and reliable company to invest in, should consider MOTOROLA SOLUTIONS as a possible option. More…
Peers
The company’s products and solutions include two-way radios, push-to-talk phones, public safety radios, network infrastructure, and software and services. Motorola Solutions also offers a wide range of professional services, including consulting, systems integration, project management, and managed services. The company’s primary competitors are Aviat Networks Inc, Ondas Holdings Inc, Telefonaktiebolaget L M Ericsson.
– Aviat Networks Inc ($NASDAQ:AVNW)
Aviat Networks, Inc. provides wireless backhaul solutions that enable the transport of data, voice, and video traffic over a wireless network. The company’s solutions include microwave radio systems, routers, switches, and software products that are designed to work together to support end-to-end wireless broadband applications. It serves carriers, service providers, government, and enterprise customers in more than 150 countries. The company was founded in 2006 and is headquartered in Santa Clara, California.
Aviat Networks has a market capitalization of $336.77 million as of 2022 and a return on equity of 8.53%. The company provides wireless backhaul solutions that enable the transport of data, voice, and video traffic over a wireless network. Its solutions include microwave radio systems, routers, switches, and software products that are designed to work together to support end-to-end wireless broadband applications. It serves carriers, service providers, government, and enterprise customers in more than 150 countries.
– Ondas Holdings Inc ($NASDAQ:ONDS)
Ondas Holdings Inc is a publicly traded holding company with a focus on technology investments. The company’s shares are traded on the Nasdaq Stock Market under the ticker symbol “ONDS”. As of 2022, the company had a market capitalization of $224.48 million and a return on equity of -19.92%. The company’s primary businesses include investments in software and technology companies, as well as real estate holdings.
– Telefonaktiebolaget L M Ericsson ($BER:ERCG)
Telefonaktiebolaget L M Ericsson is a Swedish multinational networking and telecommunications company headquartered in Stockholm. The company offers products and services in over 180 countries. The company’s main customers are mobile network operators, followed by cable TV operators, fixed-line operators, and other telecom service providers. The company’s product portfolio includes networks, digital services, cloud, and IoT.
Summary
MOTOROLA SOLUTIONS reported strong financial results for the second quarter of 2023, with total revenue increasing by 12.3% and net income rising by an impressive 62.7%. This indicates a positive outlook for MOTOROLA SOLUTIONS’ future performance and provides good reasons to invest. Despite the difficult economic environment, the company has succeeded in increasing its profits and is well-positioned to continue its growth trajectory. Investors may want to consider MOTOROLA SOLUTIONS as a long-term investment due to its strong financials and potential for further growth.
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