Hikvision’s 2014 financial results detail impressive 60% revenue growth

Hikvision, the video surveillance products and solutions specialist, has announced revenues of US$2.82 billion for the financial year 2014. This corresponds to a 60.37% growth rate year on year and a compound annual growth rate across the last decade of 53%.

“Hikvision’s continued growth is attributable to our product innovation capability and complete product and integrated vertical solution offerings, as well as the expanding global service network,” explained Cynthia He, vice-president at the Hangzhou-based company. “Keeping in touch with market trends, Hikvision has made stupendous achievements in both domestic and overseas markets in the last year.”

Hikvision's headquarters in Hangzhou, China

Hikvision’s headquarters in Hangzhou, China

He added: “In 2014, Hikvision invested 8% of its annual revenue into R&D. Looking to the future, we will continue to devote our R&D efforts into delivering innovative products and vertical solutions that fulfil the ever-changing needs of the security industry in the firm belief that we’re ideally placed to provide a complete video surveillance solution to the global market.”

Hikvision is one of the world’s largest suppliers of video surveillance products and solutions. The company specialises in designing and manufacturing a full line-up of CCTV and video surveillance products. That product line ranges from cameras and DVRs to video management software.

*For more information visit Hikvision’s website at: www.hikvision.com

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