Motorola Solutions (MSI) Revenue — Quarter Ended Sep 30, 2023
Motorola Solutions reported higher revenue for the quarter, driven by growth in both product and service sales. The increase was evident compared to both the prior quarter and the same period a year ago.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Motorola Solutions reported higher revenue for the quarter, driven by growth in both product and service sales. The increase was evident compared to both the prior quarter and the same period a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
+6.4%
Change from the immediately preceding quarter.
Year-over-year
+7.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $2.7B | +16.7% |
| Apr 1, 2023 | $2.2B | +14.7% |
| Jul 1, 2023 | $2.4B | +12.3% |
| Sep 30, 2023 | $2.6B | +7.7% |
Revenue performance
The company posted increased revenue relative to the preceding quarter, with gains across its key revenue streams. It also outperformed the year-ago quarter, reflecting continued demand for its offerings.
Quarterly comparison
Sequential revenue rose from the immediately prior quarter, while the year-over-year comparison also showed an uptick. Both product and service segments contributed to the higher sales.
What to watch
Monitor whether the company can maintain the momentum of revenue growth across both product and service lines.