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Hikvision, provider of innovative video surveillance solutions, has reported revenues of US $2.82 billion for the financial year 2014.
This revenue has lead to a growth rate of 60.37 percent year on year and a compound annual growth rate over the last decade of 53 percent.
“Hikvision’s continued growth is attributable to our product innovation capability and completes product and integrated vertical solution offerings, as well as the expanding global service network. Keeping in touch with market trends, Hikvision has made stupendous achievements in both domestic and overseas markets in the last year,” says Cynthia He, vice president, Hikvision.
“In 2014, Hikvision invested eight percent of its annual revenue into research and development. Looking to the future, we will continue to devote our R&D efforts into delivering innovative products and vertical solutions that fulfill the ever-changing needs of the security industry, in the belief that we are ideally placed to provide a complete video surveillance solution to the market globally.”
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