The Swedish-based network security product company Axis Communications is reporting sales rises in its end of year report, out shortly.
Ray Mauritsson, President of Axis, said: “We completed a successful year in the fourth quarter by passing SEK 1 billion in sales for the first time during a single quarter. The impact on sales of the floods in Thailand was much lower than expected after successful efforts to relocate production, among other things. The sales increase of 33 percent in local currencies for the full-year 2011 means that we estimate that we captured market shares in the rapidly growing global network video market. This trend is due to our competitive product portfolio as well as the global expansion of our sales organisation.” For more details visit www.axis.com.
