Axis's Weak Q1 2012 Financial Results

Author: John Honovich, Published on Apr 16, 2012

After strong expansion the past few years, Axis's sales growth continues to decelerate for the third consecutive quarter. At the end of 2011, growth slowed substantially. Now, in the beginning of 2012, that slow down continues. Indeed, the deceleration was even sharper this quarter. In this note, we examine the financial details and the causes behind this weakness.

Background

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