Strong Growth Continues Q2 2010

By: John Honovich, Published on Jul 07, 2010

Axis's strong growth and rebound from early 2009 continues in Q2 2010, as disclosed in their most recent financial report.

According to the Jan-June 2010 intermin report, Q2 2010 revenue was up 25% compared to Q2 2009. Measured in local currency terms, revenue was up almost 35%. [Note: local currency is a better indicator of company strength. Short term currency fluctauations can distort product acceptance - for example, last year, positive currency changes made Axis's performance look better than it was.]

In local currency terms, EMEA sales and US sales were both up 33 percent and Asia was up 55 percent.

Additionally, Axis future guidance was positive:

"The positive market trend from the end of 2009 and the beginning of 2010 appears to have stabilized. Indicators such as the number of project inquiries and project deals concluded seem to show a continued stable trend at present, notwithstanding continued increasing competition."

Their Powerpoint presentation discloses that gross margins were down to their lowest point in the last few years (at 50%), citing project pricing, strategic price list adjustments and currency effects as drivers. However, operating and profit margin improved slightly to over 10%. However, these margins remain significantly below the 20% level common prior to the recession.

Comments : PRO Members only. Login. or Join.

Most Recent Industry Reports

Anyvision Facial Recognition Tested on Aug 21, 2019
Anyvision is aiming for $1 billion in revenue by 2022, backed by $74 million in funding. But does their performance live up to the hype they have...
JCI Sues Wyze on Aug 21, 2019
The mega manufacturer / integrator JCI has sued the fast-growing $20 camera Seattle startup Wyze. Inside this note: Share the court...
Dahua 4K Camera Shootout on Aug 20, 2019
Dahua's new Pro Series 4K N85CL5Z claims to "deliver superior images in all lighting and environmental conditions", but how does this compare to...
ZK Teco Atlas Access Control Tested on Aug 20, 2019
Who needs access specialists? China-based ZKTeco claims its newest access panel 'makes it very easy for anyone to learn and install access control...
Uniview Beats Intel In Trademark Lawsuit on Aug 19, 2019
Uniview has won a long-running trademark lawsuit brought by Intel, with Beijing's highest court reversing an earlier Intel win, centered on...
Suprema Biometric Mass Leak Examined on Aug 19, 2019
While Suprema is rarely discussed even within the physical security market, the South Korean biometrics manufacturer made global news this past...
Verkada People And Face Analytics Tested on Aug 16, 2019
This week, Verkada released "People Analytics", including face analytics that they describe is a "game-changing feature" that "pushes the...
Dahua OEM Directory 2019 on Aug 16, 2019
US Government banned Dahua OEMs for dozens of companies. The following directory includes 40+ of those companies with a graphic and links to...
Installation Course - Register Now on Aug 15, 2019
Register Now for the September 2019 Video Surveillance Install Course. This is a unique installation course in a market where little practical...
Axis Suffers Outage, Provides Postmortem on Aug 15, 2019
This week, Axis suffered an outage impacting their website and cloud services. Inside this note, we examined what happened, what was impacted...

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