Polycom, Inc. (PLCM) Tops Q3 EPS by 2c

Polycom, Inc. (NASDAQ: PLCM) reported Q3 EPS of $0.22, $0.02 better than the analyst estimate of $0.20. Revenue for the quarter came in at $336 million versus the consensus estimate of $334.9 million.

“Our customers continue to adopt Polycom technology which enhances employee productivity, improves business agility and allows customers to contain costs,” stated Peter Leav, President and Chief Executive Officer. “We are committed to developing the best solutions in the marketplace, while driving continuous improvement in our financial model.”

“Operating margins grew significantly on both an absolute dollar and percentage basis versus the year ago period,” said Laura Durr, Chief Financial Officer and Executive Vice President. “Polycom also generated $34 million in operating cash flow and repurchased $25 million in common stock during the quarter.”

For earnings history and earnings-related data on Polycom, Inc. (PLCM) click here.

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