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Motorola Solutions (NYSE: MSI) is emphasizing the purposeful use of AI in public safety during Fast Company’s Most Innovative Companies Summit in New York. The company aims to revolutionize safety and security by leveraging AI. Key speakers include Mahesh Saptharishi, Motorola's CTO, alongside notable experts like retired U.S. Army Brigadier General Patrick Huston and University of Pennsylvania professor Michael Kearns. Motorola Solutions invested $858 million in R&D in 2023, holding around 6,560 patents, to advance AI technologies that can significantly reduce 9-1-1 response times, potentially saving 10,000 lives annually in the U.S.
Motorola Solutions has been named to the Women Tech Council's 2024 Shatter List, recognizing companies that promote equality in the tech industry. This accolade highlights Motorola's efforts to break the glass ceiling for women by removing career advancement barriers. The Shatter List evaluates companies on four criteria: executive engagement, leadership initiatives, community investment, and formal internal programs. Motorola's inclusion underscores the impact of its initiatives and dedication to fostering an inclusive culture. This recognition celebrates the contributions of women at Motorola and their role in driving innovation and success.
Motorola Solutions (NYSE: MSI) has announced its board of directors has approved a regular quarterly dividend of 98 cents per share. This dividend will be paid in cash on July 15, 2024, to shareholders who are on record by the close of business on June 14, 2024.
Greg Brown, Chairman and CEO of Motorola Solutions (NYSE:MSI), will participate in the J.P. Morgan 52nd Annual Global Technology, Media, and Communications Conference on May 20, 2024, at 9:20 a.m. EDT.
Motorola Solutions is a global leader in public safety and enterprise security. The event will feature a live webcast and replay of the fireside chat, accessible on Motorola Solutions' Investor Relations website. This participation underscores Motorola's ongoing engagement in the technology, media, and communications sectors.
Motorola Solutions reported strong financial results for Q1 2024, with sales of $2.4 billion, up 10% from the previous year. The company raised its full-year revenue and earnings outlook based on its performance. GAAP EPS was ($0.23), but non-GAAP EPS was $2.81, up 27% year-over-year. Operating cash flow reached $382 million, and the ending backlog was $14.4 billion. Credit ratings were upgraded to BBB by S&P and Fitch. The company acquired Silent Sentinel during the quarter.
Mahesh Saptharishi, executive vice president of Motorola Solutions, discussed how AI and human-centered technologies are simplifying emergency response at the Summit 2024 conference. The event highlighted how technology can enhance public safety, reduce complexity, and optimize performance for first responders. Key topics included utilizing AI for voice transcription, real-time analysis centers, staff retention issues, and leveraging technology to improve emergency response and operations.
