Motorola Solutions reports second-quarter earnings

SCHAUMBURG — Motorola Solutions Inc. on Thursday reported its earnings results for the second quarter of 2016: $1.4 billion in revenue, up 5 percent from the same time last year. “Q2 was a strong quarter demonstrated by our growth in earnings, cash flow and backlog,” said Greg Brown, chairman and CEO of Motorola Solutions. “I am pleased with our progress heading into the second half of the year.” The company also announced that its board of directors has approved a $2 billion increase to the share repurchase program, raising the total authorization since July 2011 to $14 billion. Under the company’s previously authorized $12 billion share repurchase program, roughly $400 million remained at the end of the second quarter of 2016.