September 13, 2010 – Z-AXIS finished its second quarter of FY2010 on August 31 with record quarterly revenues. The Ontario County electronics design and manufacturing services provider and has achieved increasing quarterly growth since Nov. 2009, logging 15%, 25% and now 43% quarterly growth over the last three quarters.
“At halfway through our fiscal year, we are at a run rate twice that of last year, and higher than our pre-recession peak of two years ago,” said Michael Allen, president of Z-AXIS. “We are back on the trajectory we started in 2007 for greater than 30% annual revenue growth, despite the dip during the recession in 2008.”
Z-AXIS has seen its most of its existing customers return to their pre-recession levels of demand for the printed circuit assemblies. The company has also won a number of new design contracts and brought several multi-year design projects into full production. Most of the revenue growth has been in the company’s contract manufacturing services and custom power supply products.
Z-AXIS hired eleven new employees last quarter and is continuing to add electronics manufacturing equipment at its facility near Rochester, NY.