Q2 2010 Video Revenue Down Modestly

Author: John Honovich, Published on Sep 08, 2010

Verint's Q2 2010 financial results disclose their Video Intelligence division (i.e., video surveillance) results -- a 9% revenue decline compared to Q1 2009.

Q2 2009 Video Intelligence revenue was approximately $41 Million USD while Q2 2010 corresponding revenue was approximately $37 Million. Verint cites the cause as "due to the product delivery of an order from a major customer in the three months ended July 31, 2009 partially offset by an increase in revenue from other customers."

In Verint's previous statement (Q1 2010), Verint cited the impact of the same 'major customer' with an even more severe 24% drop in revenue year over year.

From the information publicly disclosed, it is difficult to determine a trend. If that 'major customer' did not impact their Q3 2009 results, we are likely to gain greater clarity in the next disclosure in 3 months.

1 report cite this report:

Strong Growth Fueled by Wal-Mart on Nov 26, 2010
March Networks turned in its best growth rate in a number of years, fueled by sales growth to Wal-Mart and another major customer. For calendar Q3...
Comments : PRO Members only. Login. or Join.

Most Recent Industry Reports

Verkada Salesman: IPVM "Stuck In A The Stone Age" on Apr 25, 2019
Verkada is 'tackling dinosaurs' and battling those, like IPVM, who are 'stuck in a the stone age'. Verkada's recent sales recruiting promotion...
The HIVIDEO $31 Face Detection DVR Tested on Apr 25, 2019
Face detection in a $31 DVR? That is what "HIVIDEO" (not to be confused with Hikvision, even if the company intends to do that) was promoting at...
Amazon Marketing Pro Installs of Amazon Security Systems on Apr 25, 2019
Is Amazon a threat to conventional providers like ADT, Vivint and Brinks Home Security? Many say no. Now, Amazon is advertising free in-home...
Ex-Integrator Now Growth Strategist Interviewed on Apr 24, 2019
For more than a decade, Scot MacTaggart was a security integrator (at PA-based PSX). In late 2018, he left the industry. He is now a Growth...
19 Facial Recognition Providers Profiled on Apr 23, 2019
IPVM interviewed 19 facial recognition providers at ISC West to understand their claimed accuracy, success and positioning. 9 from China, where...
Locking Down Network Connections Guide on Apr 23, 2019
Accidents and inside attacks are risks when network connections are not locked down. Security and video surveillance systems should be protected...
Hikvision Admits USA Sales Falling on Apr 22, 2019
Hikvision, in a new Chinese financial filing, has admitted that its USA sales are now falling. Less than a year after the US government passed a...
Speco Ultra Intensifier Tested on Apr 22, 2019
While ISC West 2019 named Speco's Ultra Intensifier the best new "Video Surveillance Cameras IP", IPVM testing shows the camera suffers from...
Arecont Favorability Results 2019 on Apr 22, 2019
Arecont's net negativity remained the same in IPVM's 2019 integrator study, though integrator's feeling became relatively more neutral compared to...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact