Axis Revenues Reach $1.6 Billion Record.
Axis Revenues Reach $1.6 Billion – Axis Communications has reported record revenues of $US1.6 billion for the 2022 financial year and released 108 new products in 2023.
According to the company, enhanced operations, strengthened supply chains and a return to standard product lead times and inventory in distribution have all contributed to the record performance.
“Not only are we following a banner year in 2022, but we’re also achieving exceptional outcomes from our investment in operations and supply chain which are helping to accelerate growth,” said Fredrik Nilsson, VP Americas, Axis Communications, at the company’s recent ACC conference.
“We’re grateful to our partners and customers for their loyalty, and we’re eager to let them know what’s in store for the future. Our commitment to R&D, coupled with our strengthened operations means that we’re full steam ahead when it comes to new innovations.”
Axis Revenues Reach $1.6 Billion Record
Axis Communications’ record-breaking global revenue for 2022 was a 20 per cent increase year-on-year and the company said it would continue aggressive investment in research and development by devoting 15 per cent of its annual revenue to R&D and growing its engineering team to over 2000.
“We’re very proud of our accomplishments and confident in our ability to meet our customers’ evolving needs,” said Jeanette Skjelmose, VP of operations, Axis Communications.
“Building resiliency comes down to being proactive, predictable and always planning to grow. Of course, all of this is done with our partners’ and customers’ success in mind, so communication and collaboration are also key.”
You can find out more about new Axis products here or read more SEN news here.
“Axis Revenues Reach $1.6 Billion Record.”
