Motorola Solutions Total Revenue Down, Video Revenue Up

By John Honovich, Published Oct 30, 2020, 09:56am EDT

Motorola Solutions' total revenue is down, but video (both fixed and bodyworn) are up.

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Inside this note, we examine Motorola's Q3 2020 results including detailed comments from management about Motorola's video performance, including Avigilon, Pelco, and Watchguard.

Financial ******* ********

*******, ********'* ******* *** down *%,*** *** ** ************:

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** **********, *** ******** and *********** **** *** down **%:

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******** ******* ****** ***** and ***** ***** ************ offerings, **** ****** **** substantially:

*** ******** *** ******* Integration ******* ******** **%primarily *** ** ***** ***** ** ****** ****** *** ******** *** ************ *** ********** ***** (PCR), partially offset by growth in video security.

******** **** *** ***** down ********, ********** ** video ********* **** *** own ******* ** *** specific ******* ****** ** video ** *** ******** available.

Management ** ***** ********

*******,** *** ********'* ****, ******** **** * number ** ******** ************ how *** ***** ******** is *****.

**** ********** ***** **** be ****** * ******* dollar ******** *** **** this ****:

** *** **** *** the ***** ****** **** we ****, *** ****, fixed, **** **** ** car ******* ***** ***********, domestically *** ***************, *** know, **** ******** *** in ** ****** ** be ***** *** ******* for **** ****

*******, **** ** ***** just * ******** ** Motorola's ~$* ******* ****** revenue.

** *** ***** ****, Motorola ********* ** ****** it ** **** **** faster **** ***** ******** business, ********** **** *** 3x ****** **** ****** metric:

***'** ***** ** **** about ******* ** ***** x *** ******, **** three * *** ****** is ****** *** ***** video *** ****** ******* piece, ***** ** ***** believe ** *** *******. If *** **** *** size ** *** ***** market *** ** *********, and ** ****** **** China ***, ***** ***** indigenous ***********, **** ** about ** ** ** $18 ******* ******** *********** market. **'* ******** *** largest *********** ****** ** have. ** * ***** there's **** ** *** here **** *** ****** we've ***********, ***** **** the ********* **** *** team ** ********** ** intelligent **** ******* ** well.

** *** ****, ******** had ***** **** ** a ***** ****** ****** rate ** *** ****** digits, ******** ***** ***** growth **** ***** ** 15 - **%.

**** ********** ********** ******** selling ** **********:

***** ** ***** ***** to *** ********** ********* were ******. ***** ****** digit ******

*******, ***** *** ***** helping **** **** **** to ********** *********:

***** ***** * ******* to **** ** ****, given *** **** **** that *********** **** **** a *** ** *********** government ********** **** ******* us ** **** ***** in ** ******* *** government *********, **** **** beneficial

****, **** ****** *** stength ******* **** **** alluding ** ******* ***** and ****** ************** **** year:

**** **** **** ***** we ** ** *** the ********* ******* **'** we've *** ****** **** demand *** * *** of *** ******* ****** driver ******* *** ***** suspect.

******* ******* ****** *** body **** ***** ****** is ************* ***********, ***** came ******* ** *********** as * **** ** watchguard ****** ******

********'* **** ** *** cloud *** ********* ** well, ********* **** **** recently ******** (*** *** **** *******):

******** ***** ******** *** has **** ****, *** 7.x ***** ********* ** the *****.

*******, ***** ******** *** made **** ************ ******** (including ********, ************ *** Pelco) **** **** **** cautious ***** **** ****:

** ******* ** ************ next ****, ** **** be ** **** * reflection ** **** ************* come *** ***

Overall ******* ******** ** ******** ** *******

******** **** **** ****** total ******* ******* ** continue:

******-******* **** - ******** Solutions ******* ******* ******* of (*%) ** (*.*%) compared **** *** ****** quarter ** ****.

** **** ** *********** to *** ** ** when ******** *** **** than ****** *** ******** in ***** ********** ********** with *** ******* ********* to ******** ******* **** video.

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