Polycom posts Q4 revenue growth across all major product categories
For another quarter in a row, Polycom reported better-than-expected earnings to close out the year on a high note.
Now finally bouncing back from posting a few losses, the networking company reported a fourth-quarter net income of $2 million, or one cent per share (statement).
Non-GAAP earnings were 17 cents per share on a revenue of $353 million.
Wall Street was expecting Polycom to report fourth-quarter earnings of 15 cents per share on revenue of $350.8 million.
Providing a very broad road map for the year ahead, CEO Andy Miller reflected on the quarter in prepared remarks:
Polycom has executed very well, demonstrating clear product leadership during the UC&C market transition in 2012. We are excited to begin 2013 with what we believe is the most comprehensive product portfolio in the industry and improved sales and go-to-market capabilities that enable new business models for collaboration, including software, cloud-delivered video, and virtualization.
The San Jose-headquartered enterprise highlighted that revenue grew across all of its primary product categories: group systems, personal devices, and its overall unified communications platform.
The UC platform saw the biggest revenue percentage increase on a quarterly basis of 6 percent, rounding out to $68 million. But annually it was a different story as this segment was down by the most at a decrease of 15 percent.
Unified comms for personal devices was the one product area where Polycom posted positive revenue point changes, both sequentially and year over year.
With BYOD being a major focus for networking and collaboration solutions providers of any kind this year, that's likely to continue to be a hot spot.
Update: Polycom provided guidance for the first quarter of 2013 during its conference call on Wednesday.
Polycom is expecting Q1 revenue ranging from $330 million to $340 million with non-GAAP earnings between 10 and 12 cents per share.
For the year overall, Polycom is predicting revenue growth by "mid to upper single digits," with a return to year-over-year revenue growth during the second half of 2013.