Motorola: Q4 EPS up 8%

(CercleFinance.com) - On Thursday evening, Motorola reported non-GAAP EPS that is up 8% at $3.
90 and an adjusted operating margin that rose 0.1 point to 30.5% for Q4 2023, on revenues that rose 5% to $2.85bn, driven by software and services (+7%).

Over the past year as a whole, the telecom equipment supplier posted adjusted EPS of $11.95 and revenues of $9.98bn, exceeding its latest target ranges of $11.65-11.70 and $9.93bn-9.945bn respectively.

Announcing an order backlog of $14.3bn at end-2023, Motorola anticipates adjusted EPS of $12.62 to $12.72 for 2024, as well as revenue growth of around 6%.


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