Motorola Solutions, Inc.

afternoon and thank you for holding. Welcome to the Motorola Solutions second quarter 2021 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 the call on 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 your conference.

Good afternoon. Welcome to our 2021 second quarter earnings call. With me today are Greg Brown, Chairman and CEO, Jason Winkler, Executive Vice President and CFO, Jack Malloy, Executive Vice President, Worldwide Products, Sales, and Services, and Mahesh Sattarishi, Senior Vice President and CTO, Software Enterprise and Mobile Video. Greg and Jason will review our results along with commentary, and Jack and Mahesh will join for Q&A. We've posted an earnings presentation and news release at MotorolaSolutions.com slash investor. These materials include GAAP to non-GAAP reconciliations for your reference. And during the call, we reference 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 2020 annual report on Form 10-K, and 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 for joining us today. I'll start off by sharing a few thoughts about the overall business before Jason takes us through our results and our outlook. First, Q2 was an outstanding quarter. We grew revenue 22%, earnings per share 49%, and operating cash flow 86% versus the prior year. Additionally, we expanded operating margins by 220 basis points and increased ended the quarter with $11.2 billion of backlog, up 7% versus last year, and a record for Q2. Second, we saw strong demand in both segments of our business during the quarter. In products and systems integration, revenue was up 24%, and operating margins expanded 270 basis points, driven by growth in our LMR and video security technologies. And in software and services, revenue was up 19%, and operating margins expanded by 210 basis points on growth in LMR services, video security, and command center software. This strong broad-based performance highlights the strength of our business and value of our mission-critical integrated ecosystem. And finally, based on the strong backlog and momentum that we're seeing across our business, we're raising again our full-year guidance for both sales and earnings per share. I'll now turn the call over to Jason to take you through our results and outlook before returning for some final thoughts.