Polycom posts $336 million Q3 revenue with flat growth

Video conferencing solutions vendor Polycom today said it reported flat growth in third quarter 2014 revenues of $336 million.

Polycom posted net income of $17 million in Q3 2014 against net loss of $24 million in Q3 2013.

America contributed 50 percent of Polycom revenues, while 25 percent each came from Europe and Asia Pacific.

Polycom said UC Group Systems contribute 65 percent of its Q3 2014 revenues, UC Personal Devices 18 percent and UC platform 17 percent revenues.

The company said group series video revenue grew to 58 percent of total video end point revenue from 43 percent in the previous quarter.

UC Personal Devices grew 6 percent to top the $60 million mark in sales this quarter.

“Our customers continue to adopt Polycom technology which enhances employee productivity, improves business agility and allows customers to contain costs,” said Peter Leav, president and chief executive officer of Polycom.

Polycom CEO Peter Leav

The Americas region, which represented 50 percent of total revenue, reported revenue of $166 million, down 6 percent.

EMEA region, which represented 25 percent of total revenue, reported revenue of $84 million, growing 5 percent. Polycom posted growth in the U.K., France and the Middle East, Africa region, partially offset by a decline in Russia.

Polycom Asia Pacific regions representing 25 percent of revenue reported revenue of $85 million, growing 8 percent as a result of growth in China and India.

UC Group Systems revenues dipped 2 percent to $217 million.

UC Personal Devices revenues rose 6 percent to $60 million. UC Platform revenues were $58 million, flat. Polycom services business grew by approximately 2 percent to $96 million.

Recent client wins

A leading U.S. law school purchased Polycom immersive solutions and added services to tie campuses together through telepresence for distance learning and administrative meetings.

A leading U.S. medical research center chose Polycom as part of a 5,000 unit-linked Polycom voice deployment. This was the second phase of an earlier competitive win over Cisco.

Polycom displaced another competitor at a European-based defense contractor who is also implementing Lync 2013 combined with Polycom voice products.

A large branch of the U.S. Department of Defense purchased four fully configured RMX collaboration service to communicate between federal state and local emergency management agencies while another branch completed their video collaboration upgrade cycle from prior generation to newer technology from Polycom.

Rajani Baburajan
[email protected]