Verint's IP Video Financial Performance Examined

By: John Honovich, Published on May 18, 2010

This update examines the financial performance for Verint's IP Video / "Video Intelligent" business unit over the past 3 years through January 30, 2010.

Verint's 2010 10k financial report includes a number of useful data points on the size and growth rate of their video surveillance business. [Note: Verint's overall business is much larger than video surveillance. As such, we focus only on the business unit focused on video called 'Video Intelligence'.]

  • 2009 video surveillance revenue was $144 Million.
  • In 2009, "revenue increased $18.0 million, or 14%, almost entirely due to the product delivery of an order from a major customer."
  • 2008 video surveillance revenue was $127 Million
  • Compared to 2007, "2008 revenue decreased $20.2 million, or 14%, due to timing of installations from a major customer, a decline in our distribution business in the APAC region, and a decline in Residual Method revenue due to the global economic downturn."
  • 2007 video surveillance was $147 Million.
  • "Product margins in our Video Intelligence segment increased to 61% in the year ended January 31, 2010 from 52% in the year ended January 31, 2009." Verint cited higher software component as the driving force for GM% increase.
  • The video surveillance business is about 20% of Verint's total corporate revenue ($700 Million)
  • Verint's video line is fairly broad including DVRs, VMS softwareIP cameras, encoders, wireless devices, etc.

To give a sense of perspective of Verint's size, Verint's video surveillance business is roughly half the size of Axis and 50% greater than Dedicated Micros.

1 report cite this report:

Q1 2010 Revenue Drop on Jun 08, 2010
Verint's revenue for their Video Intelligence Business Unit dropped sharply from Jan to Mar 2010 compared to the same period in 2009. Verint...
Comments : PRO Members only. Login. or Join.

Most Recent Industry Reports

Disruptor Wyze Releases Undisruptive Smartlock on Dec 06, 2019
While Wyze has disrupted the consumer IP camera market with ~$20 cameras, its entrance into smart locks is entirely undisruptive. We have...
Bosch Budget 3000i Cameras Tested on Dec 05, 2019
Bosch has long had a hole in its lineup for, as it describes, "competitively-priced cameras". Now, Bosch has released its 3000i series cameras...
Anixter Resisting Takeover From Competitor on Dec 05, 2019
Mega distributor Anixter is going to be acquired but by whom? Initially, Anixter planned to go private, being bought by a private equity firm....
Security Sales Course 2020 - Last Chance Save $50 on Dec 05, 2019
This sales course is customized for the current needs and challenges specific to professionals selling video surveillance and access control...
Ireland National Children's Hospital Chooses Hikvision End-to-End With Facial Recognition on Dec 05, 2019
The world's most expensive hospital project ever, the New Children's Hospital in Ireland, has chosen an all-Hikvision surveillance system including...
AVTech ~$70 IP Cameras Tested Vs Dahua and Hikvision on Dec 04, 2019
Taiwanese manufacturer Avtech is taking direct aim at low cost leaders Dahua and Hikvision with ~$70 starlight and white light illuminator...
Ultinous European Analytics Startup Company Profile on Dec 04, 2019
European analytics-startup Ultinous pitches customers to "Have your own video analysis service!" We spoke to Ultinous to better understand their...
Access Startup Multi-Mount Aims To Streamline Reader Installs on Dec 03, 2019
Startup Multi-Mount claims it makes installing access readers 'Fast', 'Secure,' and fit 'any size frame.' The company states its bracket 'fits most...
Resideo CEO To Step Down on Dec 03, 2019
Resideo's CEO, Mike Nefkins, is stepping down, just 18 months after being brought in to lead the now plagued spin-out. Inside this note, we...
Arcules CEO Retracts False GDPR Claim + Dahua and Milestone Claims Examined on Dec 03, 2019
Arcules CEO has retracted a false claim about his organization being a "fully compliant GDPR company" after IPVM reporting (Arcules CEO Threatens...