Telecom Lead India: Polycom’s third quarter revenue in Asia Pacific region decreased 4 percent to $85.8 million.
Asia Pacific region currently contributes 26 percent revenue to Polycom’s total income.
America contributes 51 percent revenue. In third quarter, income from Americas decreased 5 percen to $171 million year-over-year.
The Europe, Middle East, and Africa (EMEA) region, which contributes 23 percent income, reported 8 percent dip in revenue to $78.6 million.
Polycom on Tuesday said its third quarter 2012 net revenues from continuing operations were $335 million, down 6 percent year-over-year from $355 million for the third quarter of 2011.
“Demand for UC&C solutions was solid in Q3, which allowed us to come in at the high end of our revenue expectations and exceed our earnings expectations,” said Andrew M Miller, Polycom President and Chief Executive Officer.
“On October 8, we unveiled a comprehensive set of breakthrough products launching in Q4 2012 and early 2013, that we believe will further distance us from the competition, expand our total addressable market, and drive mass adoption of video collaboration,” Miller added.
“Our overall Q3 performance was at the high end of our expectations, with North America showing strength. We reported a sequential increase in deferred revenue and operating cash flow,” said Eric Brown, Polycom Chief Operating Officer and Chief Financial Officer.
Q4 is an important quarter for Polycom, as it releases a comprehensive set of new products, starting with the Polycom RealPresence Group Series solutions in November 2012.