Motorola: raises FY targets again

(CercleFinance.com) - Boasting a record order book for the past quarter (up 6% y-o-y to $14.
3bn), on Thursday evening the telecom equipment manufacturer Motorola Solutions again raised its financial guidance for FY 2023.

It now expects sales of $9.93bn to $9.945bn (instead of $9.875bn to $9.9bn), as well as adjusted EPS of $11.65 to $11.70 (instead of $11.40 to $11.48).

For Q3 2023, Motorola reported a 6% increase in non-GAAP EPS to $3.19 and a 0.5-point improvement in its adjusted operating margin to 29%, on revenue that rose 8% to $2.56bn, driven by software and services (+12%).


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