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Motorola Solutions posts lower Q3 results, but beats guidance

Friday 30 October 2020 | 10:03 CET | News
Motorola Solutions reported higher-than-forecast results for the third quarter. The figures were lower year-on-year still due to the covid-19 pandemic, offset by demand for software and services. The revenue decline slowed to 6 percent from the year before to USD 1.868 billion, due to less revenue from North America and International. Revenue at the Products and Systems Integration segment slipped 14 percent to USD 1.163 billion, mainly due to lower sales of professional and commercial radio (PCR) and public safety LMR products. At Software & Services, revenues advanced 9 percent to USD 705

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Categories: Mobile & Wireless
Companies: Motorola Solutions
Countries: World
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