BOCA RATON, Fla.—The ADT Corp. recently created a new position—that of chief information officer—and has appointed a former telecom executive to the position.
YARMOUTH, Maine—Early termination fees are a standard in the security industry, but now The ADT Corp. is facing a class-action lawsuit over them on consumer protection grounds. Are the fees necessary to help companies recover installation costs and the loss of profit, or are they just an anti-competitive tool used to lock in customers?
An article in Barron’s has the financial media world abuzz because it predicts shares of The ADT Corp. “could climb by more than 20 percent over the next year.”
Sales of Pulse are up more than 6 percent and recurring revenue up more than 5 percent, The ADT Corp reported today as it released its results from its first quarter ending Dec. 28.
BOCA RATON, Fla.—The ADT Corp. already has about 16,000 employees, but since spinning off from Tyco International in the fall, the home security giant has become even more of a job creator, adding hundreds of new hires around the country.
The ADT Corp. won praise from Florida Gov. Rick Scott at an event this week at which ADT announced it will add 120 jobs at its Boca Raton headquarters, according to a newspaper report.
The ADT Corp., which just became independent in September, says its Pulse product is doing so well that it predicts that recurring revenue will grow by 4.9 percent to 5.2 percent in fiscal year 2013, the company said this week in a report on its Q4 and fiscal year 2012 results.
The ADT Corp. has been making headlines ever since it split off from Tyco International on Sept. 28. Here’s the latest from Reuters news service today:
