Polycom Delivers Fourth Quarter 2012 Results
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Polycom reported its fourth quarter fiscal 2012 financial results on Wednesday. For the quarter, revenue was $353 million which is a 9 percent year-over-year decline. Moving forward, Polycom provided first-quarter fiscal 2013 guidance for revenue to be in the range of $330 million to $340 million.
For 2013, Polycom's plans include the availability of new cloud and solutions as well as expanding partnerships. One of the competitive threats that faces Polycom's growth are consumer technologies like Skype. During the company's earnings call, Andy Miller, President and CEO of Polycom, was asked specifically asked about the impact of Skype.
Miller noted that in his view, peer-to-peer free software options are fine for ad hoc calls.