Polycom posts results for the third quarter of 2012
Polycom, Inc. has posted its financial results for the third quarter of 2012.
Its consolidated net revenues have declined from $355 million for the third quarter of 2011 to $335 million for the corresponding period of 2012, with a 6 per cent decline year-on-year.
The company's non-GAAP net income for the third quarter of 2012 stands at $17 million, as compared to non-GAAP net income of $42 million for the third quarter of 2011.
On a geographic basis, the consolidated net revenues from continuing operations for the third quarter of 2012 comprised of 51 per cent revenue from the Americas, 23 per cent revenues from Europe, Middle East, and Africa and 26 per cent revenue from Asia Pacific.
In the third quarter of 2012, the company generated a total of $48 million in operating cash flow and completed share repurchases of $30 million. Operating cash flow on a trailing 12 month basis was $243 million. The deferred revenue balances for the company stood at $244 million.
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