Verint Surveillance Revenue Steep Drop

Author: John Honovich, Published on Dec 05, 2012

Verint's painful decline in (or perhaps out of) the surveillance market continues. In their most recent quarterly report for Q3 2012, revenue for Verint's video surveillance division dropped 22%. In this note, we examine the long-term trend since 2007, compared to Avigilon and Axis, why this is happening and what this means for Verint.

Verint said the cause of the steep drop was 'a few large customers':

"***** ************ ******* ********* ************* **%, ** $*.* *******, **** $32.2 ******* ** *** ***** ****** ***** ******* **, **** to $**.* ******* ** *** ***** ****** ***** ******* **, ****. The ******** *** ********* ************ ** * $*.* ******* ********** ******* **************** *** ** * ********* ** ******* ********** ********** **** a *** ***** *********, ********* ****** ** ** ******** ** ******* ********** ** other *********, ** *** ***** ************* **, ****."

****** ***** ** **** *** *** ** * ********** ***** number ** ***** ********* ** ********** ******** (***-**** ***** *** most ****** *** ********* **** ***** *** *************). ***** ****** may ** ******* ** ** **** ** *** ******** ********, it **** *** **** **** *** ***** **** ** ******* new ******** **** **** ** ** ************** ***** ** *** likes ** *********, *******, ***.

***, ******'* ************ ******* ** ** ** ****** *** **** of ~$*** ******* *** ******** ******** ** **** *** ****, ********** ******** ******* *** $*** *******.

************, ***** ***** ******* *** ***** ****** *****, ***** *** companies **** *******, **** *** ******* *******:

"******* ***** ******* ** *** ***** ************ ******* ********* ** 53% ** *** ***** ****** ***** ******* **, **** , compared ** **% ** *** ***** ****** ***** ******* **, 2011 *** ** * ******** ** ******* *******, ********* ** lower ********** ** ******** *****."

Comparing *** *******

** * *****, ******'* ************ ******* *** ******** ~**% **** ~$144 ******* ** ~$*** *******. *******, **** **** *** ******* the **** ********* ** *** *******. ** *** ********, *** overall ************ ****** *** *****. **** ** *** ******** * modest **% ****** ****, *** ****** ** **** ** ****, 2012 ******* ****** **** **** ~$*** *******.

** *** *******, **** ********* **** ****** ** ** ****** past ******. *** *******:

  • ********, * ******* **** * ******* *** ** *** *****, had *** **** * ******* ** **** ***** **** ****** was ***** ~$*** *******. ***, **** ******* (** ****), *** two ********* *** *** **** *******.
  • **** ** ****, **** *** *** **** ****** ******'* ******* (~$250 ******* ** ~$*** *******). ***, **** **** **** **** 6 ***** *** ******* ** ******.

***** ******'* ******* ********** ******* ***** *** *** ******* **********, the ******* *** ******* ****** *** ****** *** ****** *** it ** *** ***** *** **** *** **** **** **** a ******* ***** ** ********.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports on Financial Updates

Axis Strong Q2 2018 Results on Aug 20, 2018
Axis reported strong Q2 2018 financial results and, for the first time in many years, Axis grew faster than Hikvision. However, the company's...
Hikvision Strong Domestically, International Business Struggles on Jul 25, 2018
Hikvision's H1 2018 results are out. Overall revenue growth has sharply dropped, with the company acknowledging their "facing geopolitical...
Arlo IPO Filing Reveals Key Financial and Competitive Details on Jul 09, 2018
Arlo is going to IPO at a projected valuation greater than Axis. Now, Arlo has released their 175-page Form S1 Registration Statement for its...
Milestone 2017 Financials Examined on Apr 24, 2018
For ISC West 2018, Milestone released ... their financials, touting "strong revenue growth in 2017". However, there were discrepancies with the...
ADT Hammered Again, Loses Another Billion In Market Cap on Mar 16, 2018
ADT's CEO told investors that, 'in baseball terms', ADT was batting 5 for 5. But investors told ADT's CEO, 'in baseball terms', that he was...
Arlo, Bigger Than Avigilon, More Valuable Than Axis on Feb 08, 2018
Arlo, the wireless IP camera offering that Netgear bought ~5 years ago for a few tens of millions is now doing more revenue than Avigilon and...
Axis Breaks 1 Billion USD Annual Revenue on Jan 26, 2018
Axis Communications annual revenue has exceeded $1 billion for the first time in 2017. In this note, we examine Axis financial performance over...
Sentry360 Bankruptcy on Nov 30, 2017
Sentry360, a US-based video surveillance manufacturer, most well-known for its panoramic cameras, has filed for Chapter 7 bankruptcy. In this...
Axis Q3 2017 Financial Results on Oct 23, 2017
A big issue for Axis this past quarter was their product shortage. Despite that, new Q3 numbers for Axis show solid financial results. In this...
Avigilon Shifts Strategy To Maximizing Profitability (Q4 2016 Results) on Mar 01, 2017
Avigilon had previously been known for big spending, hiring a large sales force and throwing lavish partner parties at tradeshows like ISC West....

Most Recent Industry Reports

Alexa Guard Expands Amazon's Security Offerings, Boosts ADT's Stock on Sep 21, 2018
Amazon is expanding their security offerings yet again, this time with Alexa Guard that delivers security audio analytics and a virtual "Fake...
UTC, Owner of Lenel, Acquires S2 on Sep 20, 2018
UTC now owns two of the biggest access control providers, one of integrator's most hated access control platforms, Lenel, and one of their...
BluePoint Aims To Bring Life-Safety Mind-Set To Police Pull Stations on Sep 20, 2018
Fire alarm pull stations are commonplace but police ones are not. A self-funded startup, BluePoint Alert Solutions is aiming to make police pull...
SIA Plays Dumb On OEMs And Hikua Ban on Sep 20, 2018
OEMs widely pretend to be 'manufacturers', deceiving their customers and putting them at risk for cybersecurity attacks and, soon, violation of US...
Axis Vs. Hikvision IR PTZ Shootout on Sep 20, 2018
Hikvision has their high-end dual-sensor DarkfighterX. Axis has their high-end concealed IR Q6125-LE. Which is better? We bought both and tested...
Avigilon Announces AI-Powered H5 Camera Development on Sep 19, 2018
Avigilon will be showcasing "next-generation AI" at next week's ASIS GSX. In an atypical move, the company is not actually releasing these...
Favorite Request-to-Exit (RTE) Manufacturers 2018 on Sep 19, 2018
Request To Exit devices like motion sensors and lock releasing push-buttons are a part of almost every access install, but who makes the equipment...
25% China Tariffs Finalized For 2019, 10% Start Now, Includes Select Video Surveillance on Sep 18, 2018
A surprise move: In July, when the most recent tariff round was first announced, the tariffs were only scheduled for 10%. However, now, the US...
Central Stations Face Off Against NFPA On Fire Monitoring on Sep 18, 2018
Central stations are facing off against the NFPA over what they call anti-competitive language in NFPA 72, the standard that covers fire alarms....
Hikvision USA Starts Layoffs on Sep 18, 2018
Hikvision USA has started layoffs, just weeks after the US government ban was passed into law. Inside this note, we examine: The important...

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