Collaboration solutions provider Polycom had a record quarter and shattered expectations when the company posted fourth quarter and 2011 earnings on Monday.
Polycom reported fourth quarter net income of $50 million, or 28 cents a share (statement). Non-GAAP earnings were 41 cents a share on a revenue of $407 million -- compared to $340 million for the fourth quarter of 2010.
Wall Street was expecting Polycom to report fourth quarter earnings of 29 cents a share on revenue of $401.3 million.
For 2011, Polycom posted a revenue of $1.5 billion and a net income of $213 million, or $1.18 per share, on a non-GAAP basis.
In prepared remarks, Polycom's CEO and president Andrew Miller pointed towards the strong sales of Polycom's RealPresence video collaboration platform and "broad geographic growth" as attributors for Polycom's stellar results:
Enabled by Polycom's innovations, we experienced unprecedented demand for our secure, interoperable, unified collaboration solutions by both enterprise and service provider customers. Leveraging our industry-leading technology and powerful network of strategic partners, Polycom's cloud, mobility, and software-driven infrastructure strategy is beginning to yield and we look forward to another year of solid growth in 2012.
Here's a snapshot of where Polycom is growing worldwide and how much each of these regions contributed to the Q4 net revenue:
- 48 percent Americas, or $193.8 million, an increase of 7 percent year-over-year
- 27 percent Europe, Middle East, and Africa, or $109.7 million, an increase of 28 percent year-over-year
- 25 percent Asia Pacific, or $103.5 million, an increase of 42 percent year-over-year
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