Sales grew 13% year-over-year to $1.86 billion. This was driven by growth in the Americas and EMEA. About $145 million of revenue growth was related to acquisitions, and $19 million was related to the adoption of accounting standard ASC 606.
The Products and Systems Integration segment grew 10% driven by the Americas and EMEA. The Services and Software segment grew 22% with growth in all regions.
Looking ahead into the fourth quarter, Motorola Solutions expects revenue growth of about 13.5% compared with last year. Non-GAAP earnings are anticipated to be in the range of $2.50 to $2.55 per share. This assumes current foreign exchange rates, about 173 million fully diluted shares, and a 25% effective tax rate.
For the full year 2018, the company continues to expect revenue growth of about 14.5%. Non-GAAP EPS guidance was lifted to the range of $7.00 to $7.05 from the prior forecast range of $6.79 to $6.89. This assumes current foreign exchange rates, about 172 million fully diluted shares, and a 22.5% effective tax rate.
The company ended the third quarter with the backlog of $9.5 billion, up $572 million from the year-ago quarter. Products and Systems Integration segment backlog was up 9%, and Services and Software were up 5%. Land mobile radio demand led by the Americas continues to drive backlog growth.
Shares of Motorola Solutions ended Thursday’s regular session up 1% at $123.78 on the NYSE. The stock has risen over 36% in the past year and over 37% in the year so far.