Polycom, Inc. (PLCM) Tops Q1 EPS by 3c

Polycom, Inc. (NASDAQ: PLCM) reported Q1 EPS of $0.18, $0.03 better than the analyst estimate of $0.15. Revenue for the quarter came in at $328.5 million versus the consensus estimate of $327.49 million.

“We are successfully executing on our goal to improve operating performance,” said Peter Leav, Polycom President and Chief Executive Officer. “Future earnings growth at Polycom will be driven by improvements in processes across the organization, operational cost containment, and the pursuit of profitable revenue growth.”

“Operating margins and earnings per share were better than expected as a result of strong execution in the first quarter,” said Laura Durr, Chief Accounting Officer and Interim Chief Financial Officer.

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

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