Swedish surveillance and remote monitoring video surveillance provider Axis Communications AB (OMX:AXIS) posted a solid 6.72% gain on Friday after reporting quarterly numbers. Second quarter net sales were up 10% to 747 million Swedish kronor and profit after tax was 66 million. Currency effect affected sales negatively.
Axis has more than 1000 employees wordwide and highlighted continued global expansion and innovation. Axis believes market conditions exist for continued 25-30 per cent growth within network video. Quarter to quarter fluctuations for Axis are relatively large. Full interim report is available here.
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