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October 22, 2010

Polycom reports 26.7% increase in Q3 revenue

Operating income $23.1m

By CBR Staff Writer

Polycom has reported total revenues of $308m for the third quarter of 2010, an increase of 26.7% as compared to $243m for the same quarter prior year.

The company’s operating income was $23.1m for the quarter as compared to $18.1m for the same period last year.

The company has posted income before income taxes of $23.4m as compared to $17.4m for the same period last year.

For the quarter ended 30 September 2010, the company has posted net income of $17.2m, or $0.20 per diluted share, as compared to $13.7m, or $0.16 per diluted share, for the same period last year.

Polycom president and CEO Andrew Miller said Q3 represented a hallmark quarter for the company across the business, validating the speed and precision with which it had executed its go-to-market strategy and underscoring unique role as the UC ecosystem partner of choice.

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