Video conferencing firm Polycom has reported net revenues of $268m for the fourth quarter of 2009, compared to $263m for the same period last year.
For the quarter ended December 31, 2009, the company posted an operating income of 19.4m, compared to 34.94m for the same period a year ago. Net income was $13m, or $0.15 per diluted share, compared to $26m, or $0.3 per diluted share, for the same period last year.
On the product line basis, the company’s fourth quarter net revenues were comprised of 70% video solutions or $187m. The video solutions 53% video communications, or $143m and 17% network systems or $44m. Voice communications net revenues were $81m, accounting for 30% of total net revenues.
For the full year ended December 31, 2009, the company’s net revenues were $967m, compared to $1.07bn for the year ended December 31, 2008. Net income was $50m, or $0.58 per diluted share, compared to net income of $76m, or $0.87 per diluted share, for the same period last year.
Robert Hagerty, chairman and CEO of Polycom, said: “A critical component of our investment plan is building an ecosystem of strategic partners to deliver customers the best and most integrated collaboration solutions. This increased investment in time and resources has resulted in several powerful partnerships, including Avaya, BT, IBM, Juniper and Siemens.
“In combination with our improved go-to-market capability, our strategic partnerships are enabling Polycom to deliver an open architecture solution that is easy to adopt and use. As the largest pure play unified collaboration company with an open platform, we are solidifying our role as the ecosystem’s partner of choice.”
