SCHAFFHAUSEN, SWITZERLAND – Tyco Electronics Ltd. today reported fiscal first-quarter net sales of $3.2 billion, up 11% year-over-year, and 2% sequentially. Orders grew 7% during the period. 

During the quarter, the acquisition of ADC contributed $51 million in revenues.

For the second quarter, Tyco expects net sales of $3.45 billion to $3.55 billion, up 17% to 20% over the prior-year period.  

The firm expects full-year revenue growth of 15% to 18%, with sales in the range between $13.9 billion and $14.3 billion.

• Prev
• Next