Motorola Solutions, Inc.

Good afternoon and thank you for holding. Welcome to the Motorola Solutions Second Quarter 2019 Earnings Conference Call. Today's call is being recorded. If you have any objections, please disconnect at this time. The presentation material and additional financial tables are currently posted on the Motorola Solutions Investor Relations website. In addition, a replay of this call will be available approximately three hours after the conclusion of this call over the Internet. The website address is www.motorolasolutions.com slash investor. At this time, all participants have been placed in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. You will have an opportunity to ask questions after today's presentation. I would now like to introduce Mr. Tim Yochum, Vice President of Investor Relations. Mr. Yochum, you may begin.

Good afternoon. Welcome to our 2019 second quarter earnings call. With me today are Greg Brown, Chairman and CEO, Gino Boninote, Executive Vice President and CFO, and Kelly Mark, Executive Vice President, Services and Software. Greg and Gino will review our results along with commentary, and Kelly will join for Q&A. We've posted an earnings presentation and news release at MotorolaSolutions.com backslash investor. These materials include GAAP to non-GAAP reconciliations for your reference. And during the call, we referenced non-GAAP financial results, including those in our 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, in the comments made during this conference call, in the risk factors section of our 2018 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. And with that, I'll turn it over to Greg.

Thanks, Tim. Good afternoon and thanks everybody for joining us today. Before I get started, I would like to inform you all that due to a death in the family, Jack Malloy is unable to join us for the call today. So obviously our thoughts and prayers are with Jack and his family this afternoon. Turning to the call, I'll start off by sharing a few thoughts about the overall business before Gino takes us through the results and outlook. First, Q2 was another strong quarter. We grew revenue 6%, earnings per share 16%, and expanded operating margins by 240 basis points versus the prior year. Additionally, we ended the quarter with our highest backlog position ever of $10.9 billion, up $1.5 billion year-over-year, and up $500 million sequentially. Second, we continue to execute well in both segments of the business. Our product segment grew 4% and expanded operating margins by 50 basis points, while our services and software segment grew 9% and expanded operating margins by 590 basis points. This strong broad-based performance shows that our customers continue to value the public safety ecosystem we have built across our platforms mission-critical communications, command center software, and video security solutions. And finally, based on our Q2 results and the demand we continue to see across our portfolio, we're raising both revenue and earnings per share estimates for the full year. And with that, I'll now turn the call over to Gino to provide additional details on Q2 and Outlook before returning for some closing thoughts. Thank you, Greg.