Earnings release
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Sales Motorola Solutions Reports Second - Quarter 2021 Financial Results Company raises full - year revenue and EPS guidance again following record Q2 revenue and earnings Sales of $ 2.0 billion , up 22 % versus a year ago Products and Systems Integration sales up 24 % Software and Services sales up 19 % GAAP earnings per share ( EPS ) of $ 1.69 Non - GAAP EPS * of $ 2.07 , up 49 % versus a year ago Backlog of $ 11.2 billion , up 7 % versus a year ago Generated $ 388 million of operating cash flow , up 86 % versus a year ago Subsequent to quarter end , acquired Openpath , a leader in cloud - based access control solutions for $ 297 million O O CHICAGO - August 5 , 2021 - Motorola Solutions , Inc. ( NYSE : MSI ) today reported its earnings results for the second quarter of 2021 . " Our Q2 results were outstanding , highlighted by strong double - digit growth in both segments , " said Greg Brown , chairman and CEO , Motorola Solutions . " The continued strong demand for our mission - critical technologies is driving our increased expectations for the full year . " KEY FINANCIAL RESULTS ( presented in millions , except per share data and percentages ) GAAP Operating Earnings % of Sales EPS Non - GAAP * Operating Earnings % of Sales EPS Products and Systems Integration Segment Sales GAAP Operating Earnings % of Sales Non - GAAP Operating Earnings * % of Sales Software and Services Segment Sales GAAP Operating Earnings % of Sales Q2 2021 $ 1,971 Non - GAAP Operating Earnings * % of Sales $ 370 18.8 % $ 1.69 $ 482 24.4 % $ 2.07 $ 1,198 $ 139 11.6 % $ 194 16.2 % Q2 2020 $ 1,618 $ 218 13.5 % $ 0.78 $ 359 22.2 % $ 1.39 $ 968 $ 49 5.1 % $ 131 13.5 % $ 773 $ 650 $ 231 $ 169 29.9 % 26.0 % $ 228 $ 288 37.2 % 35.1 % * Non - GAAP financial information excludes the after - tax impact of approximately $ 0.38 per diluted share related to highlighted items , including share - based compensation expenses and intangible assets amortization expense . Details regarding these non GAAP adjustments and the use of non - GAAP measures are included later in this news release . % Change 22 % 70 % 117 % 34 % 49 % 24 % 184 % 48 % 19 % 37 % 26 %