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{Avigilon posts 61% quarterly revenue growth}
Avigilon CEO Alexander Fernandes|Dominic SchaeferBy Glen KorstromFri Aug 9,[url=http://www.moncler-sale.org]moncler sale[/url],[url=http://www.moncler-sale.org]moncler outlet[/url], 2013 9:39am PSTHigh-definition surveillance camera-maker Avigilon Corp. (TSX:AVO) posted second-quarter results August 8 that showed that the company's revenue growth is continuing at a brisk clip.The Vancouver-based company increased revenue 61% to $39.2 million in the three months that ended June 30 compared with the same months in 2012. Quarterly profit surged 159% to $3.4 million,[url=http://www.moncler-sale.org]moncler down jackets[/url],[url=http://www.moncler-sale.org]discount moncler jackets[/url], up from $1.3 million in the same quarter in 2012Gross margins increased to 53% from 48% last year.Avigilon has been on a steady growth curve since going public on November 8,[url=http://www.moncler-sale.org]moncler outlet[/url], 2011. The company raised $25 million with its IPO and now has a market cap of $701.7 million.Avigilon CEO Alexander Fernandes said the strong revenue growth reflects the success of the company's growth strategies and the rapid rise in demand for high-definition surveillance systems."We continue to expand our sales and product development teams aggressively and invest in marketing to increase brand awareness – efforts we believe will allow us to maximize revenue growth and long-term profitability,[url=http://www.moncler-sale.org]moncler on sale[/url],[url=http://www.moncler-sale.org]moncler on sale[/url]," he said.In May, Avigilon bought RedCloud Security Inc., a Virginia-based company that makes a web-based security control system, for $17 million.gkorstrom@biv.com@GlenKorstromTags: business finance, identification technology, Vancouver,[url=http://www.moncler-sale.org]moncler down jackets[/url],[url=http://www.moncler-sale.org]discount moncler jackets[/url], Virginia, financial statement,[url=http://www.moncler-sale.org]moncler sale[/url], Avigilon Corp.
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