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Victoria Government extends contract with Motorola till 2035 to upgrade the state's radio communication infrastructure and support frontline workers.

Driven by healthy demand trends across both segments, MSI surpasses fourth-quarter 2024 earnings estimates.

Motorola Solutions, Inc. (NYSE:MSI ) Q4 2024 Results Conference Call February 13, 2025 5:00 PM ET Company Participants Tim Yocum - Vice President of Investor Relations Greg Brown - Chairman and Chief Executive Officer Jason Winkler - Executive Vice President and Chief Financial Officer Jack Molloy - Executive Vice President and Chief Operating Officer Mahesh Saptharishi - Executive Vice President and Chief Technology Officer Conference Call Participants Alyssa Ann Shreves - Barclays Joseph Cardoso - JPMorgan Keith Housum - Northcoast Research Louie DiPalma - William Blair Tomer Zilberman - Bank of America Operator Good afternoon, and thank you for holding. Welcome to the Motorola Solutions Fourth Quarter 2024 Earnings Conference Call.

The headline numbers for Motorola (MSI) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Motorola Solutions (MSI -0.18%) is a leader in public safety and enterprise security, offering products and services such as land mobile radio (LMR) communications, video security, and command center software. On February 13, 2025, the company reported its fourth-quarter earnings for 2024, surpassing expectations.

Motorola (MSI) came out with quarterly earnings of $4.04 per share, beating the Zacks Consensus Estimate of $3.86 per share. This compares to earnings of $3.90 per share a year ago.

MELBOURNE, Australia--(BUSINESS WIRE)--The Victorian government has signed a 10-year, AUD $500 million (USD ~$330 million) contract with Motorola Solutions to maintain and enhance the Metropolitan Mobile Radio network (MMR) relied upon by the state's emergency services. The contract with the Department of Justice and Community Safety will extend MMR's operation until 2035, providing secure and trusted radio communications for the state's public safety agencies, including Victoria Police, Ambula.

Safety and enterprise security services provider Motorola Solutions forecast first-quarter adjusted profit above Wall Street estimates on Thursday, driven by higher demand for its safety and security services.

MSI is expected to record top-line growth in the fourth quarter, driven by healthy demand trends and product innovation.

Motorola Solutions has shown impressive growth, with a 45% increase in the past year and a stable 5-year CAGR of 38%, driven by its essential security and communication products. The company's products, including land mobile radio systems, video security, and command centers, are vital for safety, ensuring continued demand and revenue stability. MSI's reputable brand and long-term, multi-year agreements with key partners have led to significant revenue growth, outperforming competitors like Juniper Networks.