Telecom Lead America: Video conferencing major
Polycom’s revenue has increased by 6 percent at $367 million for Q1 2012,
against $344 million for the first quarter of 2011.
The company’s first-quarter profit plunged 56 percent,
which is its first decline since 2010, as the video-conferencing company’s top
line grew more slowly on both sides of the Pacific.
The company earned $277 million revenue for its products
business in Q1 2012, which is less than $285 million for the first quarter of
2011. On the other hand, the company’s revenue from the service segment
increased at $89 million in Q1 2012, against $58 million for the same quarter
of 2011.
Net income for the first quarter of 2012 was $15 million,
compared to $34 million, for the same period last year.
On a geographic basis, the company earned 49 percent of
its total revenue for the Q1 2012 from America, which was stood at $179
million, an increase of 2 percent year-over-year.
Furthermore, 27 percent of the total revenue came from
Europe, Middle East, and Africa (EMEA), or $100 million, an increase of 16
percent year-over-year and 24 percent of revenue cam form Asia Pacific, or $88
million, an increase of 7 percent year-over-year.
By product line, inclusive of its service component, net
revenues for the first quarter of 2012 were comprised of UC Group Systems of
$240 million, an increase of 5 percent year-over-year; UC Personal Devices of
$67 million, an increase of 8 percent year-over-year; and UC Platform (Network
Infrastructure) of $60 million, an increase of 12 percent year-over-year.
In Q1, we fell short of our original expectations and
are taking corrective actions designed to improve our future performance. We
believe that the overall UC market remains robust and that our strategy of
providing the leading open, standards-based unified communications and video
collaboration solutions is being embraced by our customers and our nearly 7,000
partners,” said Andrew Miller, Polycom President and CEO.
For the next quarter, the company expects to earn net
revenues of approximately $367 million to $377 million.
In Q1 2012, the company launched new interoperable
solutions with HP and Microsoft that combine
Polycom RealPresence video solutions, HP Networking technology and
services, and Microsoft Lync with joint reference architectures.
Also, it launched Polycom RealPresence Mobile software for Apple iPhone 4S and announced a new
agreement to bring RealPresence Mobile to HTC smartphones and tablets.
editor@telecomlead.com
