Record First Quarter Performance
The company achieved record first quarter revenue, record operating earnings, and record cash flow, with Q1 revenue up 6% year-over-year.
Software and Services Growth
Sales in Software and Services were up 9%, driven by strong adoption of software applications across the safety and security ecosystem and LMR services.
Product and SI Segment Performance
Sales in products and SI were up 4% with significant operating margin expansion due to growth in higher tier public safety devices and lower material costs.
Video and Software Revenue Growth
Video and Software investments continue to drive meaningful revenue growth, with Command Center and Video Technologies growing double digits.
Strong Cash Flow
Q1 operating cash flow was $510 million, up $128 million versus last year, and free cash flow was $473 million, up $137 million.