Polycom Announces Meeting Q3 Earning Expectations

Polycom recently announced that it has attained its Q3 earnings goals with a total of $335 million in revenue. Although this figure is below the 2011 quota, the company did match Wall Street’s predictions this time. This quarter’s revenue follows a considerably balanced previous quarter and continues Polycom’s even keel. 

The company, a leading provider of video conferencing solutions, announced a net loss of $15 million (8 cents per share) in 2012, compared to a net income of $20 million (11 cents per share) in the previous year. In spite of a slight slump from 2011, Polycom still managed to exceed Wall Street’s targets. Industry analysts predicted that Polycom would report Q3 revenue of 8 cents per share on a total of $331 million.

“Demand for our best in class UC&C solutions was solid in Q3, which allowed us to come in at the high end of our revenue expectations and exceed our earnings expectations. We have been taking market share in 2012 as a result of our open standards-based Polycom RealPresence Platform and compelling cost of ownership advantage,” Polycom CEO and president Andrew M. Miller explained.

“Earlier this month on October 8, we unveiled a comprehensive set of breakthrough products launching in Q4 2012 and early 2013, that we believe will further distance us from the competition, expand our total addressable market, and drive mass adoption of video collaboration,” Miller added.

Polycom did not make a forecast for the coming fourth quarter, but if Wall Street’s predictions hold any bearing, the company will announce a revenue of $359.5 million with earnings of 15 cents per share.

Polycom In Summary

• Adoption Services released – aimed at empowering clients to recoup a greater return on the deployment of video collaboration services investments. This service includes full support for integration with IBM SharePoint, Microsoft Lync and a range of other unified communication platforms.
  
  
• Formulation of collaborative partnership with IBM Research for the joint development of next-generation solutions to speed up cloud-based video applications for social and vertical purposes.
  
  
• Introduction of RealPresence Resource Manager for video deployments reaching 10,000 endpoints, as well as provisions for service providers to transfer Video-Collaboration-as-a-Service.

Global research advisory firm, Forrester Research Inc. named Polycom as a prominent force in the field of video conferencing in terms of both the company’s strategy and its deployments. Polycom has also earned a positive review from the Gartner MarketScope for Telepresence and Group Video Systems. (CU) Link