World VoIP NewsVoIP industry leader Polycom announces the revenues indicators 2011
VoIP industry leader Polycom announces the revenues indicators 2011
Global pioneer in unified communications concept enterprise Polycom, Inc. has publicized its financial turnovers and earnings for the third quarter ended September 30, 2011. Reported and consolidated net revenues were $379 million, exceeding massively previous $308 million for the third quarter of 2010.
GAAP net income for the third quarter of 2011 was $24 million, or 13 percent per diluted share, compared to $17 million, or 10 cents per diluted share, for the related period of last year. Non-GAAP net income for the third quarter of 2011is being reported $48 million, or 26 cents per diluted share, compared to non-GAAP net income of $34 million, or 19 cents per diluted share, for the third quarter of 2010. As specify company’s officials, share and per share data for all periods presented in a final release have been adjusted to demonstrate the two-for-one stock split that was effective in summer 2011.Some reconciliation between GAAP net income and non-GAAP net income is described in a detailed form in the attached tables at the bottom of release. On a geographic distribution, consolidated net revenues for the third quarter of 2011 were created from: -- 52 percent North American, or $197 million, an increase of 16 percent within the year; -- 24 percent Europe, Middle East, and Africa, or $92 million, an annual increase of 23 percent; and, finally -- 24 percent Asia Pacific, or $90 million, an increase of 41 percent."Polycom has clearly demonstrated the records of the premier UC provider that delivers customers a smooth and secure video collaboration solution from virtual telepresence to the desktop to the world's major mobile devices," noted Andrew Miller, Polycom president and CEO. "Leveraging the Polycom RealPresence Platform, we are quite sure to be best positioned in order to acquire the network effect of video communications being boosted by the ever growing demand for effective collaboration in the office and within social networks. Our mighty software-based cloud and mobility strategy is commencing to take shape as seen by our recent partnership and acquisition activities." "Polycom designed significant Q3 revenue growth in the emerging geographies and the US Federal market," said Michael Kourey, Polycom's CFO. "Also our acquisition of HP's visual collaboration solution is already performing effectively, securing new, large customers in Q3 for Polycom's leading full UC portfolio. Disregard to fact, that offset by lower year-over-year revenue growth in the enterprise customer sector, Polycom demonstrated impressive operating results, including a 37% increase in net income year-over-year. Net of the strategic acquisitions and stock resells in the period; Polycom exited Q3 with $540 million in cash and investments and no debt."
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