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Polycom posts Q4 revenue growth across all major product categories

Polycom posts another positive quarter thanks to stronger revenue across the product board while also bouncing back from previous net losses.
Written by Rachel King, Contributor

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.

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