Motorola To Boost R&D Activities With New Innovation Center
Zacks Investment Research | Sep 15, 2019 09:33PM ET
Motorola Solutions, Inc. (NYSE:MSI) has opened its first college campus innovation center at the University of Illinois Urbana-Champaign Research Park. The move will provide the company with access to a depth of talent across a number of disciplines, encouraging research in areas that are critical to its future.
The university’s Research Park — an incubator for new ideas — is a technology hub for startup companies and corporate R&D operations. Within it, there are 120 companies employing students and full-time professionals.
The new Motorola center, opened in the Fall 2019 semester, has capacity for up to 40 interns with an option for full-time employees in the future. Interns and employees will work directly with the company’s staff to help move ideas to test mode more quickly.
This center will employ undergraduate and graduate students from a variety of backgrounds to focus on developing products, applications and services in key growth areas, including command center software, and video security and analytics. Students will focus on projects for the company’s Chief Technology Office, Advanced Technology and Products organizations.
As a leading provider of mission-critical communication products and services worldwide, Motorola has ensured a steady revenue stream from this niche market. The communications equipment maker aims to reinforce its position in the public safety domain by entering into alliances with other players in the ecosystem.
The company is likely to benefit from organic growth and acquisition initiatives, disciplined capital allocation, and favorable macroeconomic climate. Its competitive position together with an attractive portfolio for large addressable market augurs well for future growth.
In the last earnings report, the company’s net sales were $1,860 million compared with $1,760 million in the year-ago quarter, primarily driven by growth in both the segments (i.e. Products and Systems Integration, and Services and Software) with solid performance in the Americas.
While organic growth was 4%, acquisitions contributed $33 million to incremental revenues. Region wise, revenues improved 11% in the Americas to $1,347 million supported by broad base growth across all platforms.
Motorola has long-term earnings growth expectation of 7.7%. Backed by strong business trends including the value of its unique public safety ecosystem, the stock has added 45.2% compared with the Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.