Motorola Q1 2024 Financials Analyzed
A few months ago, IPVM analyzed how Motorola has lowered its video growth projections. Now, Motorola has released its Q1 2024 financial results.
In this report, we review those results, including Motorola's comments to executives about their video business and outlook.
Related, see Motorola's most recent acquisition from January 2024: Motorola Acquires Silent Sentinel.
Executive *******
***** ******** *** ******* ******* ** their *******, ********* ***** *** ***** business, *** ********** *****, ***** ******* do *** **** *** *********** ***** in *** *******'* ****** ******** ** performance.
10% ***** ****** ** **; ****** **
******** **** ** *** ** "*********** start" ** *** **** ** ** 2024 ** ** **** ***** ** 10% *** ******** *** ********* ****** by *.*%:
******** *** **** ***** **** **** the **** ******* ****-**** ***** ****** and ********* ******* ** ** ** partly ******* ** *** *******'* *********-***** pricing ********** *********:
**** ****, ** ** ****** ***** margins ** ** ** ********, *** we **** *** ****** ********* ******* to ** ** ***** ** ***** points.
** ** ***** ***** ** ************ and **** ** ** * *** forma *****, ** ***** *** ****** of ****** ***, ***** **'** ******** now, **** ******** ***** *********, ********* around ********, ***** ** **** ********* that **** *********** **** ** ****** mechanisms ***** **** ********* ******** *********. And ** **** **** *** ** will ** *********** ** ****** **** we're ********** *********** **** ********* **** come *** *** *** ****.
**** ** **** ****** *** *********** by *** ******** *** ******* *********** segment, ***** ** *** * **% growth. ** ******** *** ********, ** had **** *% ****** ** ***** and * *% ******* ** ********* earnings:
*** ****** ****** ** *** ******** and ******** ******* *** ******* **** result ******** *** *******'***** ****** ***** ** *** **.** ********* ********* ********** ****** *** price ******** ***** ****** ** **'* emergency ******** *** *** ******* ********, and *** ******* ********* *** ****** ******* *** ********* agency ** **'* *********** ****** ********. ******** **** ** *** ******* to ***** *** **** ** *** Court ** ******. ** *** ******* wins, *** ***** ****** ** ******* would ** *********, ** ****, *** impact ***** *******. *** ******* **** that ******* *** ****** ** **** deal, ** ***** **** *** "********" double-digit ****** ** **:
** *****'** ***** ******** ****** ****** normalized *** *** *.*. **** ******.
Cloud ******* ****** **** ******** ******** ** ***** ********
********'* *** ***** ****** ********* **** within ***** ********, ******** ***** *** growing ****** **** ******** ******* *****, against ********'* *******-**** *****:
******** ****** ***** ** ******* ****** than *** ******* ****. ****'* * trend **'** **** ******. *** **** in **** **'* *** **** ****, it's *** ** *** ******** ************ that ** **** ****** *********. **** of *** **** *** *** ******** products *** ******** *****. ****** ***** is **** *****, *** ************ ** cloud ************. ** ****'* * **** important *** ****-******* **** ** *** business.
** ***** ********'* ******* ******, ********'* CEO ***** **** **** ****** *** segment ** **** **% ********** *** year *** ********* ********* ********* ** Avigilon **** *** ***** ******** ************:
** *** *****, * *** ******* with *** ******* ** **. ** you ****, ** ******** ********* ****** 10% *** *** **** ****. ** did **** ***** **** ******* *** that ** *** ****** ********* ******** of ******** **** *** ***** ********, which ** ****** ***** **** *******, and ** ******* *********. ****'* ******** about * $** ******* ********* ******** in ***** ** *** ***-**** ****** number **** ******* **** **%, *** I **** **** **** ***** [****].
Increasing *********** ** *****
*** ***** **** ********* ****** *** earnings **** **** ** ***** ** increase ********* ******** ** ****** **** particularly ** *****:
**** ******** **** ** ** ***** $100 ******* **** ****, ****-**-****. **** quarter, ** **** *** ** *** about $** *******. **** $** ******* increase, ********, * ***** **'* * good *****. **'** ********* **** ** the ********, ******** ************ ****** *****. We're ****** ** **** **** ****** incentives ****** ***** ***********, ********** ** the ****** ******* ***** **'** ****** it *** *** **** ****.
Legal ***** ******* ** ******
** *** ********* ********* ********, *** company ********* ***** ***** ********** **** its** **** ****** ******** ***** ***********, ** **** ** ********** ******* ******, ***** ** ********** ** *********** as ****:
**** ********* ***** *****, ***** * actually ******** *********** ** *** ******** as ** ****** *** ******** **** with *** ** **** ****** *** continue ** ***** *** **** ***** on ******. *********, **'** ****** **** news ** **** ***** ******* *** and *** *** ** *** ****.
Pursuing ************ *** **** ** ***********
********* ************, ********'* *** ***** ******* said **** *** ******* **** ******** to ** *********** *** **** ** cautious *** *********** ** ****** **** each *********** ** ************* *********:
** *** **** ****, ** ******** Silent ********. ***** *** ******* *****, the ******** ** ****** **** *** disciplined ** ************ ** *** ****** and *****. *** ** ** ** that, ** ** **** ******* **'* financially *********, **'* ************* *********. **'* culturally **********, *** ** *** ******* it ** ************** ** *** ********* it *************, *** **** ******* ** expect ********* ** **** *****, ***.
Raising ********
******** ****** *** ****-**** **** ********, aiming *** * *% ****-**** ******* growth:
AI *****-** ** **** ********; ****** ** ***** ******* ****** ******* ******** ***
** **, ******** *** ***** **** that ***** *** ********** ** ***** into **** ** *** ******** ****** the ****** ****** *** ******** ******** ecosystem, ** ******* **** *** *** of ** ********** *** ********** **** improve *******, ****** **** ****** ** "not ******** **" ** **** *****:
**; * **** * *** ** companies **** **, *** **'** ** disciplined ** *** *** ** **** internally. [******] **** *** ***** ** into * *** ** *** ******** in *** ********* **** ***** *********. I **** **** **'** ***** ** descriptive *** ********** ** ** ** relates ** *** ********* ****** ****** safety *** ******** ********.
*** *********, **'** **** *** ** in ******** ******* ********** ** ***** and ******** ********** **** **-***** *** engineering ************. **, **** ****** ***'* factored ** ** **** *****, *** I'm *** ****** *** *********** ** promises, *** **'** ****** ** **** to, * *****, ************** ***** ****** operating ****** ***********. *** * ***** we **** *** ****** ***** ** can ******** ** ** ****.
Stock **** ***** ******** *******
********'* ***** *** ** *.**% *** morning ***** *** ** **** ******** release, ********** **** ********* *** *** surprised ** *** ***** ******* *** have ****** ** *** ****** *******:
****-**-****, ********'* ***** *** ** **%, indicating ******** ********** ****** *** ******** call:
*******, *** ******* *** *********** ****** over *** **** **** *****: