Motorola Solutions Inc (NYSE:MSI) shares are trading lower premarket after it reported fourth-quarter FY23 yesterday.
Sales of $2.85 billion, up 5% Y/Y, beat the consensus of $2.82 billion, led by growth in North America and International.
Sales in the Products and Systems Integration segment grew 4% Y/Y, and Software and Services rose 7% Y/Y in the quarter.
The company ended the year with backlog of $14.3 billion, including solid Products and Systems Integration backlog.
Adjusted operating margin expanded to 30.5% from 30.4% in the year-ago quarter, aided by ...