Motorola Solutions Stock Jumps as Profit Spikes

**Editor’s Note: Click here for a look back at how some of the industry’s biggest players fared in Q2.**

Government business proved to be the catalyst for Motorola Solutions’ profit growth in third quarter.

The data and telecommunications equipment provider made $206 million in Q3, up from $128 million in the year-ago quarter that’s a 61 percent jump. Revenue was up 3.3 percent, to $2.15 billion; that’s exactly what analysts were predicting. Those numbers were good enough for the company to raised revenue estimates for 2012. It now expects annual growth of between 6 and 6.5 percent.

Motorola Solutions, which spun off of Motorola Inc. in 2011, saw government sales rise to $1.5 billion last quarter up 12 percent. Its enterprise business was down 13 percent to $632 million, mostly as a result of slumping interest in its iDEN mobile communications technology.

The company’s stock price was up almost 4 percent, to $51.71, as of 2:03 p.m. ET on Wednesday. Motorola Solutions sells through channel partners.

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