ADT / Tyco Revenue: Best Quarter in 2 YearsBy: John Honovich, Published on Aug 01, 2010
After 2 years of sharp decreases, ADT and Tyco Security Products show signs of stability and even growth, according to Q2 2010 Tyco financial results.
As described in Tyco's quaterly results deck, key security metrics include:
- Overall system installation and service revenue turned slightly positive (compared to an 8% decrease for the prior period)
- EMEA and North America organic revenue both decreased slightly (2-3%)
- Asia Pacific and Latin America organic revenure grew by 13%
- Electronic security product revenue grew 15%, a sharp compared to the 1% decline in the prior period
Contrast these results to Tyco's Q1 2010.
These results are the best sign we have seen yet on the general/broader market's recovery.