Axis Strong US Growth, Flat EMEA - Q3 2018 Financials

Author: John Honovich, Published on Oct 18, 2018

This spring, Axis had its best financials in many years (see Axis Strong Q2 2018 Results). However, over the summer, Axis had many products sold out.

New Axis financial results for Q3 2018 show decreased growth and mixed results, with strong US growth but flat in EMEA.

Inside this note, we examine Axis financials and look at the challenges and opportunities for the company.

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*** **** ********* ******* *** ** **** **** ********* ****** and ***** *******, **** ****** ** ****** *** **** ** EMEA.

****** **** ****, ** ******* **** ********** *** **** ** the ********** *** ************* *** *** *******.

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Financials ********

******* *** ** **% ** ***** ********** **** **** **** for** **** (*** **** ******). **** ** * ***** **** **** ** ***** *** year **** **** ****** ** **%.

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Shortage ******

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Americas ******, **** ****

******** **** **% ***** *** *** ****, ********** * **** trend *** *** ******* ** ***** ** ***** *******:

******, ** *** **** * *****, *** ******** *** **** from **% ** *** *********** **% ** **** ***** *******:

***** *** ***** *** ********* *** **** ******** ****** ** Axis **********, **** ********* * **** ***** ** **** ***** stronger ** *** ******** **** ** ***** **** ****** ** EMEA.

Profits ******

**** ******* ******** ** ** ****** **** **.*% ***** ******* and **.*% ********* *******:

**** ** ******* **** **** ******* **** ******* *** ******** lower ****** ****** ** *** **** *** *****.

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Hikvision *** ******* **** ** *** ****

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Comments (5)

*** ***** ********* ********* *** **** **** ** **** ********* has ********* ****** ** ******** ** ****.

** ****' *** *********'* ************* *********** *** ******** **** ***** probably ******* *** *********** ** * **** ********* ***** ******** for **** *********.

****'* *****! * ** ****** *** **** ** *** '****** components' ******** ** ******* ** ***** ********* *** ****** ** certain **********. ** ** *****, * **** ** ****** ***********, just ********* ***** ** ***** ***** **** *** ******* **** the ***** ** *****'* ************** ** *********** ******** ** **********.

* **** **** ***** *** ********** **** ****' ********* *** related ** ******-******** **********, *** ******* ******* ****** **** *********, capacitors, *** *********, ***. **** ** ***** ** **** ************* with **** ******, *** *** **** **** ***** **** *** appear ** ** *** ******* ********* ********* ** *** ************* space ** ***** **** * **** ***** **.

** *** ********* *** ****** ******-********, **** ** ***** ****** be ****** ****** **** ******* **** ***** ** ****** ** both ********* (***** *** **** ****** ********* ***'*, *** **** uses * *** ** ***** *** ****** *****). * *** considered **** **** ** *** **************, *** *******, ** *** semi ********* ************* ****** ***** ** ****** ** ********* *** Axis ** *** ***** ****** ***** ********, *** ** **** were *** **** * ***** ****** ***** ********* ** ** more ***** **. ******* ** ******** ******.

** ** **** ***** ****** **** ******** *** *** *** component ************ ****** (** ***** *** **** * **** ***** on *** ******). *********, ****** *** **** **** ** **** demands, ****** ** ****** **** ***** ******* ******.

** *** **** ********* *** ****** ** *********, * ***** expect ** ***** *** *** ******* ** **** **** **** Axis, *** **** *****'* **** ** ** *** ****. ** feels **** ****' ****** *** ****** ****-******** *****. * ***'* fully ***** **** ** ** "********* *********" ** **** ** potentially ******* ************* *** ****-** ******, *** **** ** **** my *** ***** **** ** **** ** ************* ** ******* it.

*** ***** ****** ************* **** **** *** ********* *** ****** always ***** ** ** * ****** ** ******** ********** ** the ******* ******** **** *** *** *** ****** ********** ******* changing *** ***********/***** *** ******** ** *** ****** *** **** have ******* *************. * ***** ***** ******* ******* (****, ******, etc.) ******** ** ****** (***, *******, ***.) ** *** ********* culprits *** *** *********.

** *** *** ******, * ***** ******** *** **** ****** in ***/******** ****** ** **** ** ****** ****** **** *** particular ***** ** *** ********. *****'* ********** * ****** ******* in ******* **** ** ***** *** ******* **** ***** **** by ***** ******** ************* ****** *'* *** ** **** ***** the ******.

**** ******* ***** ***** ** ***** **** **** ** *** seeing. *** ** ***** **** ** **** **% *** *** EMEA *** **** ** *%..* ***** *** *** ****** **** sale ***** **** *** **** *** **** ***** *** ******* financial *** ********* ****** ** *** ****** *** **** ***** their ******* ************. *** ********* **** ***** *** *** ***** gulf ****** ***** **** *** ********** ********* ** *** *** and ***...** *** **** *** ****** ***** ******** ******** ** Saudi **** *** **** ******* **** **** * **** ***.

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