Axon 2024 revenue grows 33% to $2.1 billion; third consecutive year of 30%+ annual growth
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Axon reported a 33% increase in 2024 revenue to $2.1 billion, marking its third consecutive year of over 30% growth. Axon Cloud & Services revenue grew 44% to $806 million, and annual recurring revenue increased by 37% to $1 billion. The company posted a net income of $377 million and provided 2025 revenue guidance of $2.55 billion to $2.65 billion, indicating a 25% growth at the midpoint.
February 25, 2025 | 9:15 pm
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Axon reported strong financial results for 2024 with a 33% revenue increase to $2.1 billion and significant growth in cloud services. The company also provided optimistic 2025 revenue guidance.
Axon's strong revenue growth and positive guidance for 2025 suggest a favorable outlook for the company. The significant increase in cloud services revenue and recurring revenue indicates robust demand and a solid business model, likely boosting investor confidence and stock price.
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