Axis Communications Announces Record Revenues
Axis Communications points out that so far in 2023 it has introduced 108 products and more new products are due before the end of the year.
Axis Communications recently concluded a company conference in Kansas City in which it laid out its current and future business plans.
CHELMSFORD, Mass.—Axis Communications, a developer of video surveillance solutions, gathered with top channel partners at its annual Axis Converge & Connect Conference (ACCC) in Kansas City to share key accomplishments.
The company points out that a few months ago it released the details behind its enhanced operations and strengthened supply chain which contributed to its historic performance in 2022 and record shipments in the first half of 2023. More specifically, Axis states that including a return to standard product lead times—an average two-week delivery on 94% of its products—a high level of units shipped year-to-date, and an all-time high inventory in distribution. On top of the high level of output, Axis boasts that it launched 108 products and solutions in 2023 with more to be announced by year end.
“It’s always energizing to get together with our partners, but this year’s ACCC is particularly momentous. 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.
“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. We invite all partners and customers to experience them firsthand at our Axis Experience Centers.”
Axis Communications Invests into Product Development
Earlier this year, Axis Communications announced its record-breaking $1.6 billion in global revenue for 2022, a 20% global year-over-year increase. The company intends to continue its aggressive investment in research and development—earmarking approximately 15% of its annual revenue for R&D and growing its team of engineers to well over 2,000. Accordingly, Axis emphasizes that it plans to introduce new product features and regular updates in order to offer more advanced solutions and provide customers with greater value. Additionally, it intends to expand beyond its existing 16 Axis Experience Centers in the Americas—the latest opened August 2023 in Cincinnati—with new locations and remodeled facilities already in the works.
“We’re very proud of our accomplishments and confident in our ability to meet our customers’ evolving needs,” adds 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. While we’ve put many new tools in place to facilitate our efforts, I am most looking forward to hearing directly from our partners at live events like ACCC.”
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
