Q1 **** ********
***** **** ** **% ** ***** currencies, ********* ** ~$**** ***, * significant jump **** ** ****'* **% ******. However, **** ** **** ****** **** from ***-***** ********, ******* *****, ****** the ***** ******** ****** ** ~**% in ***** **********. ******* ******** ********** ********* at **%.
**** ********** **** ****** ** ************ replenishing ***** **** ****** **** **** late ** ****, *** **** ******** companies (**, ***********) ************ *** *******.
Overall ******** ******
**** ****** ******-***** ****** ** **** region, **** ** **%, ******** ** 28% *** **** ** **%. ****** in **** ** ************ **********, ** Axis *** **** ********** **** ********* growth ** **** **********. *******, **** Asia ****** ***** ** *** ** and **** *** ** ***** **** than **% ** ***** ***** *******.

***-***** *****
******* **** *** "*****" ******* ***** grew ** **** ** ****. ***** **** group ******** **** "*********" ********, **** their ******* **** ** ********, *** ******* **** **** ****** came ********* **** ***** ***********.

R&D ******** ** *************
*&* ******** **** **%, * ******* sign **** **** ** ********** ** invest ** ******* ************ *** ************:

***** ******** *** ** ~**%, ** line **** *** ****** ** ******* sales, *** ***** ******** **** ** just **%
Avigilon ********
*** ********, ********'* ** **** ******* ****** ******* ****-******* ********, **** ***** and ***** ******** ********** ****, *** a ***** **% ****** ** *&* ********.
***** ** ***** *******, **** ** showing **** ********** ** ***** ****** outlook *** ****.
Inventories ****, ***** ******* *****
****' ********* *** **** ~**%, ***** the ******* **** *** *** ****** of ************ ************ ***** **** **** sales. **** ***** ****** *********** ********** in **** ********, ** **** ******** distributors ******* **** ********* **** ******** in ***** ** **** ******, ***** *** ** ***** **** expected *****.
***** ***** ** ****' ************ ******* sheet **** ******* *******. ***-******* ****** rose *************, ********* *** ** ************ done ** ****, ********* *** ******** of **** *** * *** ** building ** ****.

Race ** *** ****** ****** ********
**** **** ***-******* *************, *** **** to *** ****** *****, ********* *** by ********* *** ***** ********* *****, *** ******** ****. **** ****** contributed ** ************ ********** **** ******* stock ** ****, ****** ** *** the ****** ***** ***** ** *** much ********* ********* ***** ****. *******, recent ******* **** **** **** **** the ****** *** ** ******* **** confident ***** *** **** **** ****, at ***** *** *** ********* ******. While ** ** *** ****** ***** pressure ** ******, **** *** ** able ** ******** ***** ******** ** a ******* *******, **** ** ******* higher ****** ** *** ******* ** reduced ******* *********** ** ********* *** other ******* ************* ******* *** *** price-conscious segment.
Comments (4)
Undisclosed Manufacturer #1
Yay, Axis?
Create New Topic
Undisclosed Manufacturer #2
Brian, what % of this growth would you attribute to their decision to sell OEM products/solutions that are now directly competing with the partners, such as NVR's, switches and VMS software? Do you believe this short-term gain will impact them in the long-term as these partners migrate to other non-competing camera partners?
Create New Topic
John Honovich
Update: here are Axis Q2 2017 results, growth 12% in local currencies, slower than Q1 but still solid. Not much interesting to call out (good or bad) as growth was fairly even across regions and segments.
Create New Topic