Motorola Solutions forecasts annual sales and profit above estimates

Feb 11 (Reuters) - Motorola ‌Solutions forecast ​annual ​sales and profit above Wall Street estimates on Wednesday, betting ‌on its public safety technology business to ⁠benefit from sustained government spending.

Shares of the Chicago-based ‌company rose more than ‌3% in extended trading.

Public safety and government agencies in North America upgrading their ​radio systems and investing in video security and command center software have ⁠boosted revenues at Motorola.

The company also generates recurring revenue from ​its installed base of devices in its software and services segment. The ​segment includes command center ‌software, video analytics and cybersecurity services.

Motorola forecast annual sales of about $12.7 ⁠billion, compared with analysts' average estimate of $12.61 billion, according to data compiled by LSEG.

It ⁠expects 2026 adjusted per-share profit between $16.70 and $16.85, coming in ​above estimates of profit of $16.32.

Under CEO Greg Brown, the company has increasingly focused on creating an ‌integrated platform of hardware and software, driving higher recurring revenue.

The company ‌reported fourth-quarter sales of $3.38 billion, beating ⁠estimates of $3.35 billion. Adjusted ‌per-share profit ​of $4.59 also beat estimates.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj ‌Kalluvila)

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