ADT's first-quarter net income rose 13 percent as the company generated more recurring revenue per customer and a shift toward more company-owned security systems boosted profitability.
January 30, 2013 at 12:00 AM
1 minute read
ADT Corp. said Wednesday that its fiscal first-quarter net income rose 13 percent, as the company generated more recurring revenue per customer and a shift toward more company-owned security systems boosted profitability.
For the quarter ended Dec. 28, the electronic security and home monitoring company earned $105 million, or 44 cents per share, up from $93 million, or 39 cents per share, in the same quarter last year.
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