Axis Strong US Growth, Flat EMEA - Q3 2018 Financials

By: 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.

**** ******, **** *** its **** ********** ** many ***** (******* ****** ** **** Results). *******, **** *** summer,**** *** **** ******** sold ***.

*** **** ********* ******* for ** **** **** decreased ****** *** ***** results, **** ****** ** growth *** **** ** EMEA.

****** **** ****, ** examine **** ********** *** look ** *** ********** and ************* *** *** company.

[***************]

Financials ********

******* *** ** **% in ***** ********** **** over **** ***** **** (*** **** report). **** ** * steep **** **** ** which *** **** **** year ****** ** **%.

****' **** *********** *** this *** ******* ********:

*** ****** ****** ***** particularly ******** ** ***** of *** ********* *********** situation ** *** ****** components ******.

** *** *** ***** how **** **** ** a '******' ***** ** Axis *************** ******.

*** *********** ******* **** quarterly ********** ** **** Axis ********** **** *** manage / ********** / channel ***** ** **** quarters **** ******. *** company *** * **** record ** ********* ****** bouncing ** *** ****.

Shortage ******

**** *** *** ******** nor ******* *** **** better ****** ***** **** been ** **** *** not **** * ******* shortage, ******, **** *** various ******* ** **** heard ** ******* *******, it ** ****** ***** material.

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

******** **** **% ***** EMA *** ****, ********** a **** ***** *** the ******* ** ***** in ***** *******:

******, ** *** **** 5 *****, *** ******** has **** **** **% to *** *********** **% of **** ***** *******:

***** *** ***** *** certainly *** **** ******** impact ** **** **********, this ********* * **** trend ** **** ***** stronger ** *** ******** than ** ***** **** region ** ****.

Profits ******

**** ******* ******** ** be ****** **** **.*% gross ******* *** **.*% operating *******:

**** ** ******* **** have ******* **** ******* and ******** ***** ****** models ** *** **** few *****.

********, ***** ***** **** profits, **** ***** *** prices *******. *******, ***** they ** *** **** enough ******** ** **, that ** ******** *** the **** *****.

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

*********,********* ** ****** **** it ********* ** *** 'biggest **** ** *** year'** *** ********:

*** ***** ********* ********* has **** **** ** that ********* *** ********* plenty ** ******** ** sell.

********* ** ********** ****** be *** ** *** next *** ***** *** we **** ** ****** on ****** ** ****.

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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