Tyco Electronics’ Q1 Profit Surges 70%
Published: 06 February 2008
by Staff
PEMBROKE, BERMUDA – Tyco Electronics Ltd., maker of passive components and electronics for telecommunication systems, said fiscal first-quarter net income was $949 million, up 70.4% year-over-year.
The company attributes the growth to its underwater fiber-optic unit and wireless electronics business.
Sales were $3.68 billion, up 19% compared to the first quarter last year.
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