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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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