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Axon posts lower quarterly gross margin on higher mix of services, new product scaling
['Wed', 'August At Pm Gmt', 'Min Read']
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Aug 5 (Reuters) - TASER-maker Axon Enterprise posted lower second-quarter gross margin on Wednesday, weighed by a higher mix of less lucrative professional services and investments in scaling new product offerings.
• Under the professional services business, the company supports implementation, configuration and ongoing workflow integration.
• The software-only segment's gross margin exceeded 80%.
• The company's gross margin fell 40 basis points to 62.9%.
The impact on quarterly gross margin was partly offset by strong performance in the connected devices segment.