Gold Sponsors
Array Telepresence Logo   Human Productivity Lab Logo   Ashton Bentley Logo
Silver Sponsors
Bronze Sponsors
Telepresence Options Magazine

Latest Telepresence and Visual Collaboration News:
Full Article:

Polycom Up 6%: Q4 Beats, Plans to Cut 6% of Workforce

January 23, 2014 | Telepresence Options


Story and images by Tiernan Ray / Barron's

Shares of enterprise telephony and video-conferencing vendor�Polycom (PLCM) are up 71 cents, or 6%, at $12.48, in late trading, after the company this afternoon reported Q4 revenue and earnings per share that topped analysts' expectations, and said it plans to cut 6% of its workforce in order to manage expenses and increase operating profit margin.

Revenue in the three months ended in December fell 1.4%, year over year, to $347.9 million, yielding EPS 16 cents.

Analysts had been modeling $342 million and 15 cents.

In a filing with the�Securities & Exchange Commission, the company said it plans to reduce headcount by approximately 6% this quarter.

Continue Reading...

Add New Comment

Telepresence Options welcomes your comments! You may comment using your name and email (which will not be displayed), or you may connect with your Twitter, Facebook, Google+, or DISQUS account.