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Demand has never been stronger for our products

Motorola Solutions CEO says this is the 'strongest demand environment' he has ever seen

Motorola Options CEO Greg Brown informed CNBC on Thursday that demand for the corporate’s public security and enterprise safety merchandise has by no means been stronger.

In an interview on “Mad Cash,” Brown indicated Motorola’s enterprise stays resilient regardless of issues of a slowing international economic system as a result of a significant improve cycle is underway.

“What we do is a must have, not a pleasant to have. That is the strongest demand surroundings I’ve ever seen,” mentioned Brown, who has led Motorola Options for greater than a decade. Motorola makes two-way radios utilized by police and hearth departments; safety video techniques; and command heart software program, amongst different issues.

Brown mentioned Motorola Options stands to learn from the Biden administration’s $1.9 trillion Covid aid invoice, which handed in 2021 and included dedicated funds for public security investments. Extra typically, Brown informed Jim Cramer there is a private-network radio improve cycle happening that can increase the corporate’s enterprise within the years to return.

“These radios refresh each seven years. And we’re within the first or second inning radio refresh right here in North America — so New York, Chicago, Las Vegas, L.A., they’re Motorola,” Brown mentioned. “The demand is the very best, document backlog. The funding is the very best, and the innovation popping out of this firm and the acquisitions we’re making, there’s lots of room to run,” Brown added.

Shares of Motorola Options rose 0.3% Thursday to shut at $244.17 apiece. The inventory is up greater than 180% prior to now 5 years, considerably outperforming the S&P 500 in that stretch.

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Source: https://www.cnbc.com/2022/09/01/motorola-solutions-ceo-demand-has-never-been-stronger-for-our-products.html

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