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Polycom powers to new record quarter

Alex Scroxton

Video, telepresence and voice comms specialist Polycom has broken its previous quarterly sales record, set back in April, after posting revenues of $295m (£191.7m) for the three months to the end of June.

However the vendor still struggled to post the profits it made during its fiscal 2009, with GAAP net profits down 15% to $13m on the same period last year.

Polycom's quarterly sales mix fell out at 67% video solutions and 33% voice comms.

Despite the ongoing slide in profitability, president and CEO Andrew Miller said he believed that the record revenues and growth, which accelerated during Q2, "validates Polucom's strategic investments and confirms that our go-to-market strategy and innovative solutions are aligned with our customers and partners."

"The Open Collaboration Network, which includes other technology leaders such as Microsoft, IBM, and HP, is already driving significant revenues for our company by providing a beautifully integrated solution for our enterprise and public sector customers," he added.

Miller said that Polycom was also gaining traction among its service provider partners, particularly as cloud-based comms services delivery continues to become a more widely used option.


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