MSI - Earnings call transcript Q1 2019 | Motorola Solutions, Inc.

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Operator

Good afternoon, and thank you for holding. Welcome to the Motorola Solutions First Quarter 2019 Earnings Conference Call. Today's call is being recorded.

If you have any objections, please disconnect at this time. The presentation material and additional financial tables are currently posted on the Motorola Solutions' Investor Relations website.

of the would over conclusion replay X available the a after hours of addition, this be call approximately Internet. In this call address website is The www.motorolasolutions.com/investor. to [Operator Mr. now I like Instructions] would introduce of Investor Chris Kutsor, Vice Relations. President Mr. Kutsor, you conference. begin may your

Chris Kutsor

with it any our Greg. during XXXX comments forward-looking update SEC. differ and that, forward-looking the These and such and made Actual Vice and undertake President, do that the differences conference to any will to release presentation including section call. reports the this reference Kelly on in to non-GAAP President Thank turn of XXXX annual posted earnings Services a earnings at the unless found will We've are in Jack our with current And today's Molloy, report are and duty President, are Brown, CFO; number first today Mark, your to We call, commentary, news materials Gino CEO; of cause assumptions call, an based Vice Q&A the we of outlook, statements Chairman Risk Form you, forward-looking Jack me of afternoon. news along with and statements. These for on and variety Greg during With Information Products Bonanotte, GAAP risks in I'll filings release, portion Software. about quarter be other and this during expectations include could and good and our Greg the subject join and for will review these those statements. the Executive made otherwise results and over and Welcome in And in results, during Factors motorolasolutions.com/investor. Sales; materially could and financial statements call. from to noted. that Executive not non-GAAP and uncertainties. factors Executive Kelly Vice can Gino earnings be XX-K A presentation reconciliations Q&A. reference. results

Greg Brown

thanks thoughts business joining results today. us and Thanks, few through Chris. us the share overall afternoon, outlook. the a I'll Good and for before Gino the takes about

demand backlog platforms At we center unique software $XXX the that We operating cash long-term our the was QX continue pleased secondly, invest thoughts. additional both first for strong results by and on earnings – sales, same in our Integration Earnings in turn million. Product and I'll million. growth driven in EMEA. almost now closing Revenue and our in time, And to XX%, Systems analytics. $XXX strong mission-critical some QX the we growth. grew did pleased records and be what for Software. we're call He'll I'm with another and LMR flow communications, excellent finally, reported over outlook will believe remained to provide by details I per building of segments returning ecosystem security grow in and And Services for with share First, quarter ending an operating year we to I'm double-digit and Americas command backlog. start XX%. before year-over-year video across and generated results grew Gino.

Gino Bonanotte

in income million primarily sales million were up by XX%. by quarter, offset quarter. including $X.XX, quarter. acquisitions, was last up expense OpEx year were XX.X% XX.X% million, $XXX to to of operating the operating partially $X.XX $X compared the Non-GAAP XX% currency in headwinds. $XXX OpEx Greg. was of revenue, last was of in Other higher you, effective up earnings compared earnings of net sales quarter, EPS tax The expense was year. up $XX ago compared the from and margins $XXX revenue driven or in were million acquisitions. earnings $XX due $XX from million $XX QX excludes gross year-ago share in And GAAP from to to million. Non-GAAP year-ago And $XX operating to versus margins million billion, acquisitions year. GAAP the operating Thank up higher in QX XX% expansion was up $XXX million, of interest XX% $XX X%. $X.X year, compared and million million, to million. QX million $X.XX Organic $X.XX revenue and were an sales per acquisitions. margin $XX.X of was sales compared XX% of rate which increase year-ago XX% last

flow Turning million, operating was $XXX voluntary by and higher to million. free compared was prior to flow free the was year-ago million Operating $XXX million pension $XXX flow contribution. QX cash $XXX cash flow The quarter and by year. cash higher cash flow. included was million, $XXX a cash

average Excluding dividends; working as capital of the related QX annual $XXX offsetting $XX $XX million earnings. were million, associated CapEx. Holdings dilution ESN Avigilon. million with $XX as acquisition; to year expenditures of pension VaaS contribution, last well of QX cash payments, timing million equity incentive and improved and for $XXX and the operating higher $XXX $XXX.XX, for allocation primarily of and million of Airwave cash and largely repurchases investments was compared in at cash $XX International network share cash VaaS $XXX included million Capital of million flow Capital price up Avtec; to up the million on an in acquisitions for

the was sales, in and OpEx with Products New up utility win acquisitions. order and North Products or basis XX $XXX the gross from Telco system QX Products billion, of South XX% were the last the results. Revenue segment operating Systems on million up year $X.X margin in from for quarter statewide customer sales segment XX% points from wins a Wales partially Integration segment and include PXX earnings Americas million QX were a Dakota, offset sales Chile. in $X million the Systems SI to state driven by million. by higher Notable TETRA growth Moving and from Authority EMEA. $XX Integration $XX QX higher radio a and of PXX an acquisitions and

sales to Software and and currency from million points Services and OpEx EMEA. in XX% QX segment. year million by sales, gross and and $XXX up year, million. XX% growth or revenue driven $XX acquisitions up in from by million, the higher expansion Moving XXX operating last million Americas from from $XX Services quarter were $XX headwinds Revenue partially of growth $XXX Services driven Software income was was offset was higher Software the the by margin basis or and last acquisitions.

Services Software of segment a large mining a $X customer million computer-aided $XX the California, in Emergency a Management. of in a contract highlights Office city with Services contract a government million include million customer managed Chicago and QX for and notable $X records order Some America, the video with in for services Latin dispatch renewal

results. declines to XX% up regional $X.X million QX in driven billion, and in QX by revenue growth or $X in continued QX both also expected million, And at headwinds Looking $XXX was segments. China. in due $XXX both on Americas currency down and was million, grow EMEA X% up revenue X% revenue was segments. Asia-Pac,

up up large last of The year, the $XXX to $XXX backlog compared billion, compared and Services and Moving down Products million, several was to $XXX seasonality. Services was down to last inclusive was last unfavorable or or by to Africa. million up typical a $XX.X Integration million system in Americas. Sequentially deployments in to Software last $XX backlog backlog similar year backlog East Integration past million $XXX XX% Ending was change Americas backlog million year, revenue rates. X% driven on and year, was and year $XX to X% million was the backlog. recognition. North year-over-year. backlog Systems EMEA Systems America compared and Sequentially, currency due or Software due down million and during the and $XXX to Products Airwave Middle

to Turning outlook. our

We XXX diluted to non-GAAP million current an This $X.XX EPS $XX $X.XX. expect million average to effective of a tax and QX with and up rate weighted headwinds approximately share be between count FX shares rates, assumes XX%. at of approximately sales X% X%

of weighted from like to headwinds the Greg. of average and The be now at full revenue of the approximately tax is of approximately a million expect of operating share diluted FX in cash and be I'd flow X% we X% call to million non-GAAP $XXX turn up $XX of $XX For assumes outlook headwinds $X.XX year to current our back full outlook; shares. million over revenue to to year count $X.X billion. growth Full effective EPS XXX prior now expected approximately from and to between XX%; XX% year, and $X.XX. approximately million between rate still rates, continue with approximately acquisitions;

Greg Brown

close just me let a thoughts. and with Gino, few Thanks, briefly

record for XXXX. QX coming our year of us growth a First, another performance positions off

Second, software and ecosystem to and And to Services approximately center year. unique XX% our for by video expect of to continue allocation flows And us you our expect Software invest revenue, command X/X last our And security comprise we full and analytics I continue in about XXXX year up platforms. from mission-critical LMR, expanding finally, call over for to around deliver Chris. durable long-term flow. the and continued now I gross margins, operating XXXX, cash margins, value. to these should EPS cash expect year full grow, as I'll capital And turn higher and discipline shareholder the rigor

Chris Kutsor

Greg. you, Thank

and one to remind like taking remind line follow-up, callers participants callers question? we as can to the begin on question limit many themselves our we so would ask Before a possible. one I'd as to questions, you please Operator, accommodate how

Operator

of [Operator Walter Instructions] The from Piecyk comes Please ahead. question first go BTIG.

Walter Piecyk

Thanks.

QX? rate, wasn't I'm the of it in that on? was because quarter in larger of as systems just expected kind last integration. than revenue? Just what – realized to have fairly want didn't into I the was head Is does that it it onetime to that The maintain? so, or think I may difficult the XX%. is kind up also getting particularly product put is QX QX, comp growth able so we but quarter? if this, misremembered and And to something quarter Thanks. and on similarly mean March growth end Or some Correct XXXX of QX you're focus if or contracts there me some there large there have rate wrong

Gino Bonanotte

is Gino. this Walt, Yes.

QX correctly, a large it remember order, a customer. include do You revenue large from year, California a last

look on basis, currency at PS&I at look approximately quarter. it for and an you the it's constancy organic X% If in QX

about for the the shaping that's to not X%. year approximately expectation last so we're changed. growth year Our up about the talked we seeing currency and at for And year what We has full year, talked full constant far. similarly

about approximately a what the currency in orders overperformance, that's drove division. Fed So a – to at probably X%. for our the X%, couple And X% QX little closer of what full in a first Fed constant half, Really, rate. organic drove year really growth were the

Walter Piecyk

Right.

I acquisitions. meant XX% X% has the just of obviously some and Sorry, the

Okay. And then on...

Gino Bonanotte

Well, year I'm important quarter and perspective. thing. seasonality smallest is and the more the QX at quarter. look that sorry, to is you when quarter. just note a It's QX comparable, QX is one QX smallest are the QX largest our in

is smaller off X% QX. of that coming a So in number

Walter Piecyk

Got the a maybe terms But on how lot are focus press in the start a their difficult it been of maybe it. is guess – components in in how the see I and from obviously, thought and have for because you half have year I flip-flopped from little there. of of would continuing follow-up progresses. tougher comp, first Avigilon, the and amount Huawei would competitors' we'll it the My what then cameras. of just strengthen started said

resonated? Just some result it's with Huawei? there a interest that or Do of actual resonate Thank has curious of that any Has they flow started in actually rejecting have the segment? of from in pickup in customers order as that you. see your because competitors that whether customers to on you components

Greg Brown

agency I you Act. with our because surveillance the procuring concern federal by is Walt, National which Hikvision Obviously, and brand. prohibited has know, any the Huawei video – government about a Defense as and some it of concern equipment that resonated prohibited Yes. is Dahua it's Authorization vendor in space, they're think federal more And from specifically, with the the customers. in

look standpoint, of growing same a concern. component federal from you Huawei yes, which I critical a if chip silicon is the has has think of then in at competitors. also in infrastructure, Specifically many a and it that attributes, you're right. a the government number is our But

little of about second half. bit I grow what in in August more at it but clearly and well a with with effect Avigilon. I this the think government, ahead terms favorable still year, of state think in it fed XX% and the takes doing the grew QX grew to – market. in NDAA traction local, it's We we're of expect Avigilon in

Walter Piecyk

sales the or products public doing in their What their their companies they're what's buy are these Or to going why products? saying front? this defense that customer pushing componentry of rip they back like out versus Are yours? a would safety on

Greg Brown

and Act. Yes. it's A lot what not you've but not Walt, stipulations computer in seen type really National are lot as buy they of concerns there's chips of what those the and safety. the and seen same and aren't to it's a as the in Huawei, public the the Defense Authorization here, same enterprise regulations with you've customers

little the versus enterprise critical government a approach infrastructure in it's space. So different and

Walter Piecyk

Understood. Thank you.

Operator

Housum Please come Keith Research. of Northcoast ahead. The will next question from go

Keith Housum

Services back like of profits and nice Good were here. NOL afternoon Obviously, that. up a a And it my driver according big year-over-year. Software calculation, about guys. talk Gino, looks to the of step just want gross to

talk usually the that margins? year Can throughout throughout quarter ramping the to can weakest the continue is of Just sustainability of year? your as you the we up first year about that gross expect the

Gino Bonanotte

Services the Walt, P&SI expect we Software I'm The year. in XX% margins Keith. XX% our continues segment year. be approaching – gross segments to expand expectation. our – to in about and the to both change That for and approaching the margins We well hasn't expectations. We operating full full margin changed on for view XXXX. talked margins margins No in expanded as sorry,

Keith Housum

in color the little And of on Greg, as the quarter? acquisition Thanks. bit follow-up, making just Avtec perhaps Great. strategy the a of a

Greg Brown

yes. Avtec, Avtec.

and Avtec, there. which excited are commercial into us a about us, excited actually fundamentally. solution, seaport Avtec. markets the it the It so two does expands markets new dispatch it we Number things serve. rail So we're we're It's one, for but the markets, extends airport,

were looked we like dispatch we're economies R&D of thing generation what in portfolio, for they're some on from and doing company next The is development where there as at second we bringing our standpoint. the terms a planning commercial, on,

So the very company as family. have Carolina. part South well-run them the in excited We're of to

Keith Housum

Thanks. Great.

Gino Bonanotte

add to we're Avtec while the just Keith, on subject.

For be dilutive approximately it to And the for the is full we full year, expectation slightly million. year. $XX expect revenue

Keith Housum

$XX Did million you $XX say or Sorry. million?

Gino Bonanotte

million. $XX Approximately

Keith Housum

you. Thank Great.

Operator

will go come question Notter next Your Please Greg from Jefferies. ahead. of

Greg Notter

products of I And business. model. transition going of Hi, George. the is of a in subscription-type year? a a into guys. of Can have the around just on big where There's pushing dig you effort model talk about more terms pieces getting kind guess, you are platforming onto software in company This milestones center have on in I SaaS you them different that to, I on of wanted command initiative kind software what Thanks. there? and next the the know the do and you then in integration those

Kelly Mark

Hey, Kelly. George, it's

as products great or making launched about a them cloud already progress number into of it. service, we're Kodiak if So VaaS. selling think or you on We've our a specifically the

that. on traction good making we're So

our move portfolio either XXXX. cloud, of though, on-prem will cloud. customers in note, be continue towards be even to we I will software end though the to of to the products We as our materiality the available expect our cloud-ready by or

on transition will business which available quarter in on is milestones be to So they gated look and past customers' that execute we CommandCentral see our moving this desire saw with in announcements deployment. along which as the well you But will the the based we for, another how we like quite our you one cloud. view and on it of Products made which want aware, recently

end cloud. between them come as announcement make those XXXX and of more in the available of now see the we You'll

Greg Notter

of buy it's kind customer Do customers does you're customer but obviously, see like different asking what's the bit little how receptivity -- consuming to kind you talk option, of And for in that under about forward? model the guys a you sort affect of on circumstances which going And you Thanks. that way. there. people model a it. Got again, product that? And

Kelly Mark

that. It's into it high based to and that. amount receptivity the well. we -- in it. early to products have we deployment. customers or for on-prem right they've been their as days an relatively now, to watch to when receptive We It get the not early managing cloud, days the but launching issues. in been quite store we've certainly something for available. we'll going and call to deploy it, the governments helps be initially on in we look that it systems certain regards data actually we you who certainly going that, regards make receptive are up-to-date And There and they which have can had what of at But might related are versus will to customer on But keeping as it's it's and security be that whether to uptime

Operator

from question come Vijay Please Bhagavath go will Bank. ahead. next of The Deutsche

Vijay Bhagavath

ask clients, command from Hi, Yes. this Thanks. Greg, Gino. get bit be center portfolio. I a software which question would around quite

You you on. of command on and evidence building control, and have blocks know management, records, called interesting kind

the get asked with your companies more the is I competition under question get compete your command Thanks. do view across have a blocks? who the the that you like follow-up. building software have And portfolio center So then architecturally? I individual and to piecemeal, you is, Or

Greg Brown

components SaaS and moving out we away feel has being the competitors we fragmented like earlier the suite, think And license. high cloud-enabling I breadth width are team Kelly Andrew building. the components of But that's else to different and have I portfolio the we there. the And evidence I get suite. upon our subscriptions what think of competitive marketplace. Kelly width it increasing from and like much buying respective the that the and the element by Sinclair that will call interest. breadth It's components, dispatch, But really state habits include, and More a suite perpetual To very are competitively, and referenced, of depending position. evaluated. given a good building and that buying Vijay. the anyone But customers doing building its be There's XXX job remain and are about acquired interested very we the not management. question I George, gradual but have and of and Hi, think team as okay. Sure. that's what do records good We handling, in on you believe we've local,

Vijay Bhagavath

and A just perfect. use the terms strategy both would Thanks. Yes, of cash of investment and in the company, Gino quick also for in follow-on be internal inorganic.

Greg Brown

Gino Vijay, back. just quite Actually, team on work the closely, capital. let jump the me and frankly, I very deployment whole of

think thing we I important it's most do. the

to increased assets As of you've think command the that also and video strategic $XXX combination investment, Gino to software security XX% seen, and share video are for build for able inorganic analytics done XX% share. suite capital we we've of to and be that to acquisitions CapEx. million in share out allocation consistent and in surgically XX% do XX%, has the acquisition, been used did framework QX XX%. XX%, we're -- shareholders. at return repurchase organic dividend a a center fact Love capital very we $XXX our repurchase in

which Given our $XXX remainder either and now have to approximately between the or the share performance available acquisition. repurchase year, about million us to-date, we fungible between is of

year. We associated Avigilon the expect for the pay last to million with made term down we $XXX also acquisition associated short loan

end by We the year. to that expect of the complete

Vijay Bhagavath

Thank you.

Greg Brown

Thank you.

Operator

go Raymond of The ahead. will Adam Please from James. come next question Tindle

Adam Tindle

Thanks good XXXX $X.XX. by the just I but just and couple wanted up beat comes it QX pennies of guidance. know to a by I start evening. Okay. on EPS

the I profit got You've of your generally that higher, are share it lower, dollars count assumptions but is rate tax think unchanged. net

there. wrong I'm lot if have But if to a of seems business me correct momentum. so, the So

raised why build guidance backlog. You're about I forward a thoughts be little to the wouldn't bit talking about talk strong quarters more? Just guess, the up.

Greg Brown

feel remainder very and good year, we about the the year. full So the the year of

growth, performance look and talked specifically our year about, Gino focus the organic on As more organic we and growth, currency. overall constant at

full headwinds prudent. full driven associated that's we associated up within with incorporated QX contemplated up, with million slightly tax backlog couple by improved around this stick a time that and lower in we orders that is have the the But individual year guidance. And also our the top there remainder comparable overall So of we with remind year the feel achieve what $XX but performing about the backlog look overall. at we're expected we linearity aged at love to a concerned guidance largely year. did couple quarter But into you of When the incremental guidance we line on it We for strong believe rate. full the from a pennies the comfortable I'll Fed. less But FX EPS, is flow-through our spoke remains We in a expected. have our the some, we last to performance a prudent of of year time. and start. ability it's think is to business as stated point largely we

Adam Tindle

implies Got to point, continued expansion. margin And it. it follow-up, operating That's your as helpful, Greg. year-over-year I a just think

basis touch in that just the this? QX. hoping you supposed XXX had basis be points the previously, of segment. you I was I had but back-half can composition SI XX weighted, from XXX improvement to year-over-year know to and you Product maybe that Just more points think on

side? I'm margin and and and are Software a we is SI up tick? trying to on to expansion So the the Products just Or determine down and tick Products a XXX SI still maybe are XXX Services if

Greg Brown

Services the we've is is and think software I margin consistent P&SI. before with what you operating as told

time. it, XX% Just that in probably to most for range point to on sense full at year seems to the this think put a I XX% finer make the operating in the margin point

Adam Tindle

Greg. helpful. That's it. Thanks Got

Greg Brown

bet. You

Operator

from Next go ahead. Please Company. Cowen of Silverstein question and will Paul come

Paul Silverstein

all question. you the taking Appreciate Thanks.

on cited market, weakness? the big comes Again, of then and Brexit in from safety, in there Germany. see has And safety, weakness any and do revenue Germany pubic a equipment a in cited some your compadres commercial any you the the albeit opposed off, I've I First to Is as or sectors UK XX% that visibility? recognize but of of citied the question. industrial downturn got the public com focus follow-up sector impact automotive in and

Jack Molloy

it's Jack. Paul, Hey

So important due with we're and side would fact insulated that to is caveat largely the I to largely that a company. some on Europe. note the to obviously, regards think managed I our in business seen slowdown -- we've commercial But it's service European

If you our the we networks think revenue manage, about other Airwave got in we've Support the nationwide is of and in Services and Europe. -- preponderance Managed business that recurring

So solid as Greg opening, we we -- a alluded to and Gino in had the QX.

We XXXX East and Europe, expect year. this Middle comparable to in growth Africa

Paul Silverstein

All on early can it's Avigilon in like right. earlier It if XXXX. and command to you software I integrations the to you piece, announcement And back then ask relative sounds the on platform. control the did had when that deal schedule with about

takes address public video commercial that and full of deal, that just of the did and they the hardware? that with So Avigilon, mid-teens the the the acceleration think at If time the if they deal, to and I an from assume at growth Gino, growth. terms the recall the analytics doing surveillance the to time revenue recall I public I gun not hands to of I was were in you translate the safety big their associated market. and the Greg public market. sector firing safety of trying entering had safety,

since base. quarter be The actually that that referenced will some safety reference market, strong think would receptivity I acceleration. there heard relatively I you're haven't fourth the you But first now the their deal. quarter public still small and in of growth accelerate again taking would that out, that since,

Greg Brown

Yes.

and and they've program very cycle. redirect commercial done of video the which Molloy public think gating redirecting or I was and a local going sales to heads company, great and be public is But and Avigilon investment, of has factor channel coverage Remember, was about terms more it done the in to sales and a state enterprise safety safety. great a more channel mainly job. good job after

command interoperability center a it don't So software. with product I was think issue

strong it's can we And that is think it's which investment grow time. take stated your takes upfront RFPs about channel still sales point, We the competitive growth Avigilon XX%. I think cycle Xx think why overall that I time. expect on to we market at that

expect a basis, So But good But we that do prudent think at this leave it's about more we at guidance larger progress. consistently point, get that traction. to on to level.

Paul Silverstein

Got it. Thank you.

Greg Brown

you. Thank

Operator

from Jim Suva go will ahead. of Citi. Please The Instructions] [Operator next question come

Jim Suva

prices forces to for first higher, have then And lead healthier you. kind I for But your a kind think Greg, and to more government economy financial with Greg of that their they there it just tax of at overall police make question media question rate for I to strong probably picture when for want and a Thank looking you bigger to the of the the the -- Gino. discussions looks while say for should retrain looks versus that XX% Gino, be staff fair inflows EPS employment, housing these forces XX% year, responses. should sure to police fully it going for from and to public Is municipalities, lower is end leading with up responders today using it of, products. more a a new to earlier. are XX% about don't eye like it's trying Or like bit for question, then And you're from sore products? say raising of diversion social accounted full your little black to

a bit Or outlook something. you're to investing sure are that mentioned I'm make due not also you trying your little you but organic, more? to increasing missing just I'm So

Greg Brown

high we quickly minutes is tax raised we or to answer the rate the think worth one just few $XXX. real end mentioned difference just about the lower rate because second ago. it I I'll a from $X.XX $XXX and tax But the

right, but So improvement it's largely not because tax of the that from also comes you're that. solely. lower There's EPS some business guidance raise, rate

Gino Bonanotte

XXX keep in to the million the from XXX earlier, as mentioned million change that, to share is Jim, mind slightly to Just add acquisition, And shares. acquisition count dilutive. the Avtec

$XX million our going as you're those incorporate mentioned increase from model, have from earlier, increase the in you Greg as well. FX through your and view. headwinds FX the As prior FX, math And to in

Greg Brown

the And America. been the I thing economy kind to because Jim, more it overall this consistent strength markets, economy. of very playing in the about We things relates tepid a Real what see macroeconomics, that think in we And as demand strong have markets or other for we're consistent sell. addressable is also strength good expanded. the among North business in

if and rewind this So you very a well, radio more provider. traditionally the you we mission-critical communications tape know were

$X we're We're doing continue to invest – playing there We're beyond $XX with think team respective billion-plus, which the space addressable continue we center, out market other build and security software the billion course, in As playing areas and that. that. $X organically out inorganically, in the to with And and we many zeroing around and billion. services completely to an of Avigilon, China. about analytics market we're the video, now Kelly command that's components so is in

continued by and and We in was a pretty consistent. mobile I communications consistent we had of So know, breadth demand what us mission-critical drive Florida. extended you talked a It's America Molloy the demand led we're end base and to for its Jack, theaters and execution. the in economy the team think add our continuing of because and the contracted with Pennsylvania. of radio. wins and to yet. Historically, along criticality Airwave in if what product think where healthy for want That's anything. radio But here compete, is performance don't in land Iowa I coverage is award mobile the the land of not also the through of fundamental strength is and I different at XXXX. variety but doing North about width the of reflecting criticality portfolio

Jack Molloy

talked picked And because Just And this. one money other think made thing, the being organic about state I how you on I Jim municipal And training. around up state -- Greg of of Greg. made play a with software video that and investments respect we inorganic is prioritized. point. key more with to funding, and

for demand our which them have. complementary enforcement they One with give less to customers technologies itself investigative and we're we this law the test, of seeing, closely people that , lends to the wouldn't trends increased taking is tools that followed

do software drive video And our demand the how command land and Greg to mobile is But more continue us. it's center opportunities said, to also radio. it's less? for ultimately, driving And for they simple it's answer do as in going technology. yes, So with continued

that's start need so keep over to why that investments some to less of will officers, last law the pass enforcement and the kind years of come the really public bets and And course of we've we three safe. they greater have last because less made technology to

Jim Suva

the Thank detail. you great. it. I appreciate for It's

Jack Molloy

you. Thank

Operator

I session. over floor for additional question-and-answer Kutsor, Relations, Vice President the our Chris turn concludes of Mr. any back closing will to This Investor remarks. or

Chris Kutsor

have I your everybody, no comments. for time. additional Thanks,

Operator

available replay does call of today's is address X Ladies approximately and thank please at and this your teleconference. lines gentlemen, website The disconnect hours. A be www.motorolasolutions.com/investor. will you We in this the for this your participation time. conclude over Internet ask you that

Motorola Solutions (MSI) 2 May 192019 Q1 Earnings call transcript