to see how some of the biggest names in communications fared in Q3 2012.**
Motorola Solutions predicts 2013 revenues will jump between 5 and 5.5 percent following a fourth quarter in which profits jumped a whopping 83 percent. There’s a reason, however, for that big spike the company had a one-time charge of about $120 million in the year-ago quarter, MarketWatch noted.
Nonetheless, there was plenty to crow about. Motorola Solutions’ profit in Q4 2012 was $336 million. Revenue was $2.44 billion, up 6.1 percent from a year ago. Government sales continued to grow, up 10 percent to $1.7 billion.
Company-wide, fourth-quarter and full-year sales were both up 6 percent. Moto Solutions generated $564 million in operating cash flow last quarter, and $2.4 billion for the full year.
It was another outstanding year for Motorola Solutions as we continued to deliver strong operational and financial results,” said Greg Brown, chairman and CEO of Motorola Solutions. We strengthened our product portfolio, expanded operating margins, generated $1.1 billion in operating cash and returned $2.7 billion in capital to our shareholders.”
The company, which was formed two years ago when Motorola split into two entities Motorola Mobility and Motorola Solutions sells telecom network gear.
Motorola Solutions’ stock price is on a nice roll, up more than 16 percent in the past three months.
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