“Our record fourth quarter capped a very strong and exciting year for our company,” said Greg Brown, chairman and CEO of Motorola Solutions, Inc. (NYSE: MSI), in statement when presenting its fourth-quarter and full-year 2011 results. The company fourth quarter sales were up 5% from a year ago, to $2.3 billion. During 2011, sales grew 8% to $8.2 billion.
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The revenue growth was pushed by the solid demand in all regions across both the government and enterprise segments. Fourth-quarter government sales were $1.5 billion, up 6% from a year ago and the enterprise segment accounted for $753 million in the period, growing 3% from a year ago.
“We streamlined and strengthened our portfolio, grew operating earnings more than five times revenue growth, expanded operating margins, generated strong cash flow and prioritized return of capital to our shareholders,” explained Brown.
Among government highlights, Motorola Solutions pointed to its multi-million dollar contracts with Atlanta; St. Louis County in Missouri; St. Johns, Seminole and Osceola counties in Florida; the state of Tennessee; the Washington State Patrol; the Western Australia Police Service; the Ecuador National Police; and the Mexico Federal Electric Commission
Expanded.
The company also released standards-based LTE technology for public safety and secured an additional LTE contract win in Irving, Texas.
Related to the enterprise sector, Motorola Solutions pointed to its continued growth with demand in retail and transportation and logistics from key customers such as Lord & Taylor, UPS and Poste Italiane.
Motorola Solutions expects to increase its revenue in both firstbquarter and full year 2012. The company’s outlook for 1Q12 is a growth of 4% in its revenue and earnings per share from continuing operations of $0.50 to $0.55 per share. For the full-year 2012, the company expects revenue growth of about 5% compared with 2011 and operating earnings of approximately 17% of sales.
