Motorola Solutions Inc (NYSE:MSI) reported a premarket decline in shares despite beating fourth-quarter FY23 earnings expectations. Sales increased by 5% Y/Y to $2.85 billion, surpassing the $2.82 billion consensus, with growth in North America and International segments. The company also saw a 4% Y/Y growth in Products and Systems Integration and a 7% Y/Y increase in Software and Services. Adjusted operating margin slightly improved, and adjusted EPS of $3.90 exceeded the $3.63 consensus. Motorola ended the year with a $14.3 billion backlog and announced a $2.0 billion increase in its share repurchase authorization. The company forecasts higher than expected adjusted EPS for Q1 and 2024, along with revenue growth. Additionally, Motorola Solutions has entered a strategic agreement with Google Cloud to innovate cloud solutions. Despite these positive results and outlook, MSI shares dropped 3.19% in premarket trading.