Motorola Solutions 2020 Financials Examined
Motorola Solutions expanded its video surveillance offerings in 2020, acquiring IndigoVision in March and Pelco in August, adding to Avigilon. But how well is Motorola doing overall?
Inside this report, we examine both Motorola's full-year and Q4 results, as well as the performance and outlook for its video business.
*** *********, ***********'* ********* *********************** **** **********.
Full **** ***** ******** & ********* ******* ** ~**%
***** ******** & ********* ******** $*** million *** ** ******* *** ****, up ~**% **** $*** ******* *** in ****.
**** ** *** ***** **** ******** has ********* *** *** (*****), ***** security, *** ******* ****** ******** ********, and ******** **** ******** ** ******* the * ************ ***** *******. **** is ******** *** *** ******** ******* it **** ** ****** ** ********** how ********'* ***** ******** ******** ** doing. *******, **** ************* **** ** high-level ******* ******** ********* **** *** segment *** *** ******** *********** ** Avigilon, *****, ************, ******** *********, ***.
********, *** **% ****** ******** ************ in **** *** ******** *** *** comment ***** ***** ********'* ******* ******. In *** ****, ******** **** "******** from ************ *** $*** *******," *** this ******** ***-***** ********* **** ******** in ****. *********, ** ****** ********* the ***** ****** ** *** $*** million ********** ** ************ *** *****.
Motorola ******** ** *** "*********** ********" ** ***** ********
*** **** ***** ************ ********* ** "the *********** ******** **'** ****** ** video ********" ** *** ******** ****, noting ********'* ************ **** *** **** 3 ***** *** **** **********:
***** ***** ***, ** ***** *** investment ** ***** ******** **** *** acquisition ** ********. ***** **** ****, we've ***** ************ **** ******** *** scale ****** *** ********* ** ** powered *********, **** ********* *************, *** go ** ****** ********. ** * result, ** ****** ** ******** **** a ******* ******* ** ****** ******* this **** ****** *** ********* ** video ******** ************.
** **** ****** *** * *** manufacturing ******** ** *****.
************, **** ******* ** ***** ******** cameras **** *** *** ****** **** compliant ***** ************* ******** ** **********, Texas.
** *** ******** **** ******** *** this ******** **********'* ******** ******* ** *****.
[******: ******** ********* *** ********* ** IPVM **** **** **** ********* ******** is ***** ****** *** ******** ********'* Plano, ** ********, ***** *** *** been *********.]
******** **** ******* *** ***** ** be * "****** ****** *** *** business":
** ***** *****, ** ******** ******** cloud ******** **** **** ** ******* customers ** ***** ***** *********, ****** management *** ********** *******. ** ********* embrace ********* ** ******* ***** **** data *** *** *********** ** *** cloud ** *** ***** **********, ** expect **** ** ** * ****** driver *** *** ********.
*******, ******** ***** "*** *********** **'** making ** ********* ***** ********, ******* Center ******** *** ***":
**** **** ******, ** ******** ****** Reimagined, ******** *** *********** ** *** products **** *** ******* *********, ******* our ********* ** **** ********* *** proactive ** ***** ******** *** ****** operations. **'** ********** *** **** **** which *** ** ******* ********* ***** to *** ***** ** *** ********* by ******** ******* *****, *********** ********** and ********** ********* *** *** ********* detection, ********, ************* *** ******** ** incidents.
Aggressive **** ****** ******** *** ***** ************
***** ******** ** ******** ** **** in *** "**** *****" ** ****, which ** ********** ******** ** *** market ** *** ****** ******* ** in *** ****** ******. **** ***** be * **** ******* *** ******* growth, *******, ******** *** ** **** acquisitions ** ****.
Motorola **** ****** ***** ******** ******** *** ******** ************
***** ** ***** "******** *** *****'* capacity" *** **** ************ ** ****, even ********* ******** *********' ******** ***** in ****. ******** ***** **** *** "priority ** ********* *********** ** *** business," ** ************ ******* *** ***** security ** * ********* **** *** more ************:
** ******** ** **** *********** *************. There **** ******** ** **** ****** video ********, ******** *** ********. *** I ***** **'** **** **** ******** of *******. **'** ******** ** ** responsible ** **** *****. *** ** like *** ********* **** *********** *** inorganically.
Confident ** ** #* ** ****-**** *******
******** ********* **** ** *** * "great *********** ** **** ***** *** be * *********** ********** ****** ***", to ****, ** *** ****-**** ****** market, ***** *** ******* ********* ** be ~$*** ******* ***. ******** ***** its ******* "****** ***** ********" ** Q3 *** ** **** ** **** as *** ********** ** ********* ****-**** cameras **** ********'* ******* ****** ** support *** *** **********:
**** ** *** **, ****** *** body **** **** ** *** ** over **% ** **** ********** ********. Fundamentally, **** **'** ******* **** *** customer **** ** ********* **** ** alternative. * ***** **** *** ****** reach, *** ** ** ****** ********, our ********, * ***** **'** *** a ***** ** ***** ** *** into ******** ***** ************** ** ****, which ** ***** **'** ***** ** start ****** *** **** ***** ** decisions.
**'** *** * ************** *** **** our **** **** *** *** ****** video ***** **** **** *** **** workflow **** *** ****** ******* *** are ********* ******* ******** **********. ** we're *******. ** ***** **'** **** poised *** *** **** **** ***** as ****.
Supply *********** ****** ********
******* ********** ********* ******** ***** ** the **** **** *** ******* *** facing "****** ***********" *** *** *** elaborate ** **** ***** *********** ***, the ***** ** *** ***********, ** when **** *** ******** ** ** resolved. ** ***** **** ******** ** taking ***** ****** *********** **** ************* when ******* ****** ********, ********** **** could ** *** ** ****-****. ***** noted ****:
**'** ***** ********* ** **** ***** with **** ****** *********** *** ***********. Now *** ****** ******* *** ******** than *** ******* ****** *********** **** we ****. ** ****'* **** ********* our ******** *** ** ***** ***** the ******* ***********, ** ******** * prudent ***** ** ** ** **** point ** ****.
Full **** ******* **** *%
***** ***** ******* ** *******, ********'*****-**** ********** **** *% ** $*.* ******* USD. *** ******** *** ******* *********** segment ******** **% *** ** ***** sales ** *** (*****) *** *** products *** *** ****** ** ***** security ******. ** *** ***** **** Software *** ******** **** *% ****** by ****** ** *** ********, ***** security, *** ******* ****** ********.
******** ******* **** **********, ********** $*.* billion ** ********* **** ** ****. Their **** **** ** *** ******* decline ** ***** ***** *** ** will ** *********** ** *** *** much **** *** ****** **** **** their ******* ***** ** ******** ***** video ********.
***, ******** ** ***** ****! **** to **** *** *** ******* ** useful.
******** ***** ****** ** ******** *** the ********* ************ *** ****** ********** that ** *** ** *** ****** phase ** *** ******/********. *'* ******** they *** ***** ** *** *** entire ****** ** *****/****** (***** **** should). ******* *** ******** **** ********* Avigilon ******** *** *********** ***** ** the *******. ******** **** *** ** a ***** *** ** ** *****. Revenue *****'* ****** ** **** **** as **** *** ****** ******* *** for **** ***** ****** ** ****** substantial **** *** ************.
***** ** *** *** ****** ****** of *****
* ***'* **** ***** **** *** Pelco's ****** ***, **** ** ***** and **** ** ********* **** *** gone **********, *** ***** ********** ******* ** the **** *****.
******** ********* ********* ***** *** *** NDAA-compliant ******** ********* ** *** ** 2020 ******* ****, ********** *** ******** Plano ******** ** *** ******:
*** ******** ********* ** ******** ** separate **** ********’* ***** ********. *****’* has **** *********, ***** *** *** employees *** ***** ********* ** *** brand ***, ****-********* ******** ** **********, Texas. *** ***, ***,*** ** ** build ********** *** ********* ********** ** North ******** *************, ***** ** *** expanding *** ********** *** ******** ********** to ******** *** ***** ******** & Analytics ************’* ******. ** **** ** house *** ** *** ******* ********** within *** ******** ** **** *****-**-***-*** facility *** *** ** *** ******* of ****** **** **.
******* ******** ************ *** ****. ****** who *** **** ******** ********, ************ and ***** **** *** **** ****** to *** ***** - ** ** least ****'* ****'* ********* ** *** country.
******** **** ******** & ************ *** around *** ***** ***** ** ****** demand *** ******* ** ******* *******, even ****** *** ******** ********, ***** and ************.
***** ** **** **** *** ** you **** *****'* ********* ********** ********* in **** *******.
****.******@*****************.***
*'* ** ********** ** **** **** percentage ** ******** *** *** ** will ** ****** *** ** ** manufacturing. **** ** * **** **** to *** * ************ ****** ******* in *** *** *** * ***** selling ***** *** ***** ****. ********** I'm **** ** ********* ********* ** engineering *** ***** **** *********** *** their ********** ** **** *** **** provider. **, ***** *'* *** *** and ****** ******** ** **** ** designed *** ** **** ** **** to *** ****** **** **** ** to *** ****** **** **** ** arise ** * ****** *******.
********** ******* ******* ** ******* ******* that ******** **** ******** *** *** users ** *** *** *** **** how *** *** ******** ** *** how **** ** **** *****.
***** ** ******** * ****** *** Pelco **** **** *** *** **** campus ** ******, **. ******* ********* through **** ******** ***** **** ***** see ******** ************ *** ***** **** the ****** ******* *** ******** ****** a *** ** *****.
*'* *** **** ** ****** ***** reports ******* **** ********. ***** *** on **** ****** ********. *'** ****** found ***** ********* ******* ** ** the **** ********** **** ** ****.