Polycom profits soar once again

Video and unified communicationsspecialist Polycom has posted a new sales record for the fourth quarter ended 31 December 2010, as the market for business video technology and applications continues to expand. The firm made total sales of $340m (£213.2m), up 37% year-on-year and GAAP net profi

Video and unified communications specialist Polycom has posted a new sales record for the fourth quarter ended 31 December 2010, as the market for business video technology and applications continues to expand.

The firm made total sales of $340m (£213.2m), up 37% year-on-year and GAAP net profit of $33m was more than double the year-ago quarter figure of $13m. Approximately 25% of revenues totalling $86m were booked in EMEA.

For the full-year period, net sales were $1.2bn, up from $967bn in 2009, with GAAP net income up $18m to $68m.

Polycom, which remains one of the last stand-alone video vendors since Cisco guzzled up Tandberg, is understood to make about 70% of sales from video and 30% from UC solutions,

However it is expanding its focus on the wider communications world and alongside Aastra is one of only two worldwide firms handed a contract to build Microsoft Lync-compatible phones.

Hailing a transformative year, Polycom president and CEO Andrew Miller said the firm has successfully "executed an ambitious plan to seize the opportunities in UC and establish our presence as market leader and ecosystem partner of choice."

He referred to the firm's collaborative agreements with vendors such as HP Networking and IBM, and mobile partnerships with global carrier networks such as BT and Verizon as being key to the business' future success

"2011 promises to be a year of significant growth," he said.

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