MOTOROLA SOLUTIONS Reports Second Quarter Earnings for 2023
August 15, 2023
☀️Earnings Overview
On August 3 2023, MOTOROLA SOLUTIONS ($NYSE:MSI) reported its financial results for the quarter that ended on June 30 2023. Revenue totaled USD 2403.0 million, a 12.3% increase compared to the year-ago period. Net income was USD 371.0 million, a 62.7% increase from the same quarter in the previous year.
Share Price
On Thursday, MOTOROLA SOLUTIONS released their quarterly earnings report for the second quarter of 2023. MOTOROLA SOLUTIONS has made a significant effort to re-evaluate and improve their operations and products in order to maximize their profits and further their success. This forward-thinking approach, combined with their consistently strong financial results, have made them an industry leader in the communications sector. With ongoing investments in research and development, the company is optimistic about their future prospects and will continue to strive for long-term success. 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 analyzed the fundamentals of MOTOROLA SOLUTIONS and provided an assessment. Our Risk Rating indicates that MOTOROLA SOLUTIONS is a high risk investment from both financial and business aspects. We have identified 2 risk warnings in the balance sheet, non-financial. Register with us to gain access to this information and see how this may affect your decision as an investor. Our team of experts have also provided resources to help you better understand the risks associated with this company. With our comprehensive analysis, you can make a more informed decision regarding this investment. 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 has reported strong financial results for Q2 of 2023, with total revenue increasing by 12.3% and net income increasing by 62.7% compared to the same period last year. This indicates that the company is performing well and could be an attractive investment opportunity. Investors should consider the company’s competitive advantages, strategic positioning, and future growth prospects when making an investment decision.
Additionally, any potential risks associated with the company should be taken into account. Overall, MOTOROLA SOLUTIONS looks to be a solid investment opportunity with promising returns.
Related Posts
Recent Posts
