Weak Growth Resumes for Axis (Q3 2012)
Bad news for Axis alone or bad sign for the entire market? Now, for three of the last four quarters, Axis has turned in weak growth. In this note, we dig into the trend, the issues and Axis's plan for the future.
Background
Last quarter (Q2 2012) was excellent, at 31% growth. Prior to that (Q1 2012) it was 6% and the last quarter of 2011 was 22%.
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