On Thursday evening, Motorola reported non-GAAP EPS up 8% to $3.90 and an adjusted operating margin up 0.1 points to 30.5% for the final quarter of 2023, on revenues up 5% to $2.85 billion, 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 $9.98 billion, exceeding its latest target ranges of $11.65-11.70 and $9.93-9.945 billion respectively.

Claiming an order backlog of $14.3 billion at the end of 2023, Motorola anticipates adjusted EPS of between $12.62 and $12.72 for 2024, as well as revenue growth of around 6%.

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