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Motorola Solutions, Inc.
2/7/2019
Good day, everyone, and welcome to the Motorola Solutions Q4 2018 earnings call. All participants are in listen-only mode. Later, you will have the opportunity to ask questions during the question and answer session. You may register to ask a question at any time by pressing the star, then 1 on your telephone keypad. I will be standing by should you need any assistance. It is now my pleasure to turn today's program over to Mr. Chris Kutzer, Vice President of Investor Relations. Please go ahead, sir.
Thank you, Operator, and good afternoon, everybody. Welcome to our 2018 fourth quarter earnings call. With me today are Greg Brown, Chairman and CEO, Gino Boninote, Executive Vice President and CFO, Jack Malloy, Executive Vice President, Products and Sales, and Kelly Mark, Executive Vice President, Services and Software. Greg and Gino will review our results along with commentary, and Jack and Kelly will join for Q&A. We've posted an earnings presentation and news release at MotorolaSolutions.com slash investor. These materials include GAAP and non-GAAP reconciliations for your reference. During the call, we referenced non-GAAP financial results, including those in Outlook unless otherwise noted. A number of forward-looking statements will be made during this presentation and during the Q&A portion of the call. These statements are based on current expectations and assumptions that are subject to a variety of risks and uncertainties. Actual results could differ materially from these forward-looking statements. Information about factors that could cause such differences can be found in today's earnings news release and the comments made during this conference call, in the risk factor section of our 2017 annual report on Form 10-K, and in our other reports and filings with the SEC. We do not undertake any duty to update any forward-looking statement. With that, I'll turn it over to Greg.
Thanks, Chris. Good afternoon, and thanks for joining us. I'll share a few thoughts about the overall business before Gino takes us through the results and the outlook. First, Q4 was another excellent quarter. We posted records for revenue, earnings per share, operating cash flow, and backlog. Revenue grew 15%, earnings per share grew 25%, and we generated operating cash flow of over 800 million. Second, our full year results were outstanding as well and illustrate the earnings power of our business driven by demand across our entire portfolio and continued strong execution. For the full year, we grew revenue 15%, earnings per share 31% and generated close to 1.6 billion of operating cashflow, excluding a voluntary pension contribution and grew our backlog by almost a billion dollars. And finally, demand remains strong across our platforms in mission-critical communications, video, services, and software, and we continue to invest for long-term growth. So I'll now turn the call over to Gino to provide additional details on Q4 results and 2019 outlook before returning for some closing thoughts. Thank you, Greg.
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