Oct 30 (Reuters) - Motorola Solutions ( MSI ) beat
third-quarter profit estimate and forecast current-quarter
revenue growth above expectations on Thursday, driven by steady
demand for its security products and critical communications
equipment from government agencies.
The company has benefited from consistent spending by public
safety and government agencies in North America, which are
upgrading their radio systems and investing in video security
and command center software.
Demand has also been bolstered by funding from government
programs, including the American Rescue Plan Act, which has
provided state and local governments with capital for
modernizing their critical communication infrastructure.
Motorola Solutions ( MSI ) forecast fourth-quarter revenue to grow
11%, compared with analysts' average estimate of a 10.8%
increase, according to data compiled by LSEG.
Its adjusted profit per share for the September quarter came
in at $4.06, beating the estimate of $3.85.
Third-quarter revenue was $3.01 billion, while analysts
expected $2.99 billion.