Axis Q4 2012 Financials Reviewed

Author: John Honovich, Published on Jan 30, 2013

Over the last two years, Axis's financial results have varied significantly and over the last few quarters, the overall trend has been decelerating growth, with the previous quarter, Q3, being particularly weak.

Now, Q4 2012 results show only modestly better overall growth of 15% in local currencies.

** *** ***** ****, **** *** **** **** ** * 12 ***** *** **** ** ~$*** ******* ***, ***** ** incredibly ***** *** ************. *** ********, ******** ******* ** ***** **** ***** ** ~$*** ******* ***.

**********, ****'* ************ ****:

  • **** - **% ****** ** ***** ********, ***** ** ****** solid ******** ** *** *** ** *** **** *** **** and ****** ** *** **** ****.
  • ******** - **% ****** ** ***** ********, ********** * ********** trend. *** **** ** *** *** **-**% ****** ******, ** needs **** **** *** ******** *** *** ** *** **? As **** ************ ** *********** ** ******* **** *****, ****** it **** ***********, ********** ***** **** ******* **** ~$*** ******* in *** ********.
  • **** - **% ******; ***** *** ********** ** **********, ** is *** * ****** ***** *****, */*** *** **** ** the ******** *** ~$** ******* *** *** *** *******.

*** *** ******* **** ********** ****.

*** ******* **** *** **** *&* ******** ****** ~**% *** is ** * $*** ******* ****** **** (***** **********).

Future ******?

**** ********* ** ******* **-**% ******, ** **** **** **** it ******** ** *** ****** **** *** *** ******* ***** market *******.

* ******* ***** ***** **** ****** ** **. ******* ****'* strong ********, ***** ********** ****** ****** ****:

  • ***** ******** ***** ** ****** **% **** *** ******** *** EMEA.
  • *** ******* ******** ****** ** ***** ***** *** ****** ** best **** ** *** *** ****** **********. **** **** **** drive ***** **** ** ** ***** *******?
  • ** **** ********* **% ****** ****** *** ******** *** ****, it ***** **** ~**% ****** ** **** ** *** **% growth *******.

**** **% ******* ****** *** **** ** *** *** ** it ** ** * $*** ******* ******** *** ****. *******, the **** ***** *** **** ********* ** ** ***** ** be ******* **** *** ****** ***** ***** *** *** **** can *** ******* ****** ** ***** ******** (**** ** ******* since *** **** *********** ***** *** ***** ** *** **********), Axis ** ****** **** ****** ****** ** *** ******.

Comments (5)

****, ****** *** ******* *********** ******. ***** * ***** **** of ** **** ** ** *****'* ** ****** ******, * would *** **** *****'* ** ****** ****** **** **** *** for ******* *** ** ***** ***** ** *****. ** *** you *** **** **** *********'* ******, *** ****** ******* ****** top **$*.** ** **** *** ***** ****** **% ***. ****** I ***** **** **** ***** ** *** * ****** *** of *****'* ****** ** **** ** ******* ****** ******, *** main ******* *** **** ** *** **** *** ******** *********** are ********* ********** ***** (**** ** **** ***), *** *** pricing. ** ** *******, **** ****'* **** *** *********'* **-*********-* use ******'* ***** ******, *** ****'* ******* ***** ** ** least * ***** **** ** *********'*. ***** *** ***** ******* of **** ** ****** **** *********'* (********** *** ***********), ** is **** ** ******* *** **** ***** ********** *** **** cost ********* ********* *****. ** **** **** **** *** ***** and **** ****** ******** ***** ****** ** ***** * **** bold ****.

****, ****** *** *** ********** *****. * ********* ***** **** price ** * ***** ****** ** ****. * **** *** from ******* ** * ****** ** *** **** ****** ********* (who *** *** ** ******* ** ***** **** *********), **** still **** *** **** ** ********* *** ******** *********** ** be * **** ******* ** *****.

** *** ****, ***** *** ****** ******* ** ******** *************, mainly ******* *** ****** *** ****** **** * ****** ** quality $*** - $*** *****-** *********. * ***** ****** ** see **** **** ** ********/***** ** *** **** * ******. On *** ***** ****, ***** *****, **** ********* *** ************* in **** ****** ***** - *** *** ****** ** **********.

* ** *** ** ****** ** ***** *** ** *** feel ** **** ******** *** ******** ************* *** ******* ***** time ****** ** *** *** *****. *****'* ****** **** **** likely **** ****** ** *** **** ****** ***, **** ** it *****'*, ******* ******** ********* ** * *************** ******* ** an ********* **** ****.

*** **** *********** ******** ** ** **: *** ***** *** Hikvision ***** *** ******** *** ******** ************* ** ******* *** Europe?

** ****, * ****** ***** **** *** **** ** **** connections ****** * *** ** *****'* ************ ******, *** ** is **** **** **** ** ** *** **** ***** ********* and **********. *** **** **** ********** ****** ******** *** ****** connections ** *** *** *****. ***** *** **** ********* ***** with ******** *********** **** ********* *****, *** *********'* ******** ***** out *** **** **** ***** ******* *** **** *** ******* reliability *** **** ********** *****. ** *** **** ********, ** personal **** ** **** ** **** *** **** ** *****'* domestic ********* (*** ********* ********* ** *****) **** ** *** EU ****** ***** **** **/**-***** ********* **** *** ***** *** around (********** ** *** ********* ************ *******) ** **** ***** more *** **** ** *&* *** ********. ***** ****** ** no **** * **** ********* ******* ** **** ******** **** that ** *** *** ********. **** ** * *****.

****, * ***** **** ***** ** **** **** ********** ** Chinese ****** ***** ******* ** ***** **** *** ********.

**** ****, **** ** **** ******* ****** **** *********, * think ****'* ***** ** * **** ************ ** *********. *** you ****** ********** **** *****'* ****** ******* ****** ******** ********* no **** **** *******'*?

****,

****'* * **** **** ******** *** * *** **** ***** from ** *** ********** *** **** *** ************* ****** *** market ***** ** ** ***** *** ***** ********* (** **** to ** ** *** **** ***** ** **** ******** *********' offers) ***** **** ** *** ** ******* ** ***** ****** regarded ** *** *****. *** *******, **** ********** ********* *** willing ** *** *** *** **** ******** ** *** ****** (the ***** ****** **** ** **** ** *** ****** ***** to ******* **** ******** *********, **** *** ****** *** **** they **** ***** ***** **** ****** *** **** ******* *** they ****** *** *** **** ******** ** **** *** ***** cost ****). ** ** ****** *******.

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