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Polycom reports profit on lower operating expenses

October 23, 2014 | Telepresence Options

Polycom_stock

Story and images by Reuters

Oct 22 (Reuters) - Video-conferencing equipment maker Polycom Inc's quarterly profit and revenue beat the average analyst estimate, helped by a drop in expenses following job cuts.

Polycom shares were unchanged in extended trading, after initially rising as much as 7.4 percent, following the release of its results.

The company's total operating expenses fell 18 percent in the third quarter ended Sept. 30.

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