Latest Telepresence and Visual Collaboration News:
Polycom Q4 Tops Forecasts
January 24, 2012 | Hogan Keyser
Polycom posted better-than-expected results for the fourth quarter.
Polycom reported Q4 earnings of $407 million, compared to $340 million a year ago, and ahead of Wall Street's consesus of $401.3 million. Non-GAAP profits of 41 cents a share were well ahead of the Street at 29 cents.
The company noted that it exited the year with $592 million in cash and investments and no debt.
PLCM in late trading is up $1.78, or 9.7%, to $20.20.
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