Feb 11 (Reuters) – Motorola Solutions forecast annual sales and profit above Wall Street estimates on Wednesday, betting on its public safety technology business to benefit from sustained government spending.
Shares of the Chicago-based company rose more than 3% in extended trading.
Public safety and government agencies in North America upgrading their radio systems and investing in video security and command center software have boosted revenues at Motorola.
The company also generates recurring revenue from its installed base of devices in its software and services segment. The segment includes command center software, video analytics and cybersecurity services.
Motorola forecast annual sales of about $12.7 billion, compared with analysts’ average estimate of $12.61 billion, according to data compiled by LSEG.
It expects 2026 adjusted per-share profit between $16.70 and $16.85, coming in above estimates of profit of $16.32.
Under CEO Greg Brown, the company has increasingly focused on creating an integrated platform of hardware and software, driving higher recurring revenue.
The company reported fourth-quarter sales of $3.38 billion, beating estimates of $3.35 billion. Adjusted per-share profit of $4.59 also beat estimates.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj Kalluvila)
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