Anixter IP Security Sales Remain SolidBy: John Honovich, Published on Aug 01, 2010
With Anixter reporting Q2 2010 financial results, performance in security (and more specifically IP security) remains solid.
In their Q2 2010 earnings call transcript, Anixter discloses a number of important details about their security results:
- "Security sales grew at an estimated 8% compared to the second of 2009, exclusive of foreign exchange effects."
- "Very strong in EMEA and the emerging markets positive number but more modest in North America largely because it's our more mature market growing off a larger base"
- "The market continues to shift from analog to IP which is a positive trend for us as well"
Because of Anixter's relatively large size in the IP video surveillance market and its distribution of many smaller manufacturers products, Anixter is a useful proxy for the market.
Contrast to Anixter's 2009 security/surveillance financial results.
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