registered third quarter 2011 consolidated revenues of $379 million, showing 23
percent increase, compared to $308 million for the third quarter of 2010.
a geographic basis, consolidated net revenues for the third quarter of 2011
were comprised of:
Â· 52 percent of income from Americas, or $197 million, an increase of 16 percent year-over-year
Â· 24 percent of income from Europe, Middle East, and Africa, or $92 million, an increase of 23 percent year-over-year
Â· 24 percent of income from Asia Pacific, or $90 million, an increase of 41 percent year-over-year.
has clearly emerged as the premier UC provider that delivers customers a
seamless and secure video collaboration solution from immersive telepresence to
the desktop to the world’s leading mobile devices,” said Andrew Miller,
Polycom president and CEO.
the Polycom RealPresence
Platform, we believe that we are best positioned to capture the network effect
of video communications being driven by the demand for real-time collaboration
in the workplace and social networks. Our powerful software-based cloud and
mobility strategy is beginning to take shape as evidenced by our recent
partnership and acquisition announcements,” Miller added.
generated significant Q3 revenue growth in the emerging geographies and the US
Federal market. In addition, our acquisition of HP’s visual collaboration
solution is already performing well, securing new, large customers in Q3 for
Polycom’s leading full UC portfolio.
partially offset by lower year-over-year revenue growth in the enterprise
customer segment, Polycom generated solid operating results, including a 37
percent increase in net income year-over-year. Net of the strategic
acquisitions and stock repurchases in the period, Polycom exited Q3 with $540
million in cash and investments and no debt.