The swing of Kudelski Group’s headcount reduction sword has made for tough viewing through the lens of our LinkedIn feed, yet the results of these measures provide much more pleasant reading from the pages of the Swiss digital security company’s full-year financial results. We have to applaud the recent recovery of its Nagra-driven digital TV division, reporting 2021 revenues of $363.4 million, some $10 million more than the segment made last year, and accounting for nearly 46% of the group’s total annual revenue of $778 million last year. However, we are wary not to be blindsided by this single annual snapshot. Tracking back through the archive, we can see that Kudelski has long been putting contingency plans in place to…