Axia NetMedia, a provider of real broadband Internet protocol services and solutions, reported its fiscal 2010 financial results last week. Although fourth quarter sales were up 5.8 per cent to $18.3 million, annual revenues declined 1.9 per cent from $69.8 million in 2009 to $68.5 million in 2010. Bottom line earning figures were also down year-over-year, falling 42.8 per cent from slightly less than $6.0 million in 2009 to a little more than $3.4 million in 2010.
Art Price is the Chairman and CEO of Axia NetMedia:
“During fiscal 2010, Axia’s sales continued to grow according to plan and new trends in the ICT sector evolved to become part of mainstream strategic planning amongst industry leaders. The four key trends are Cloud Computing, Software as a Service, data mobile services and sensor technologies. Over time these will become the key drivers of demand for Axia’s Next Generation Network Services.”
For complete details on Axia NetMedia's operating results, have a look at its audited FY2010 financial release.