Tyco is a major force in the security industry, generating about $10 billion USD annually as a hybrid integrator / product manufacturer.
And Tyco's CEO is excited about their performance, gushing, "I have seen a lot of turnaround over my career. But there has been a change, I’ve seen in North America security business in second to none." He also emphasized that "Global products revenue exceeded our expectations and the operating performance was very strong... I am very proud to see the positive results."
In this note, we examine why Tyco's CEO is so bullish and what the numbers are behind it.