Polycom Sees Q1 Revs Flat Sequentially With Q4
Polycom’s (PLCM) CEO Bob Hagerty said the company expects revenue to be flat sequentially in the first quarter. In the fourth quarter, revenue came in $263.3 million. A repeat of that level would be above the Street consensus of $252.5 million. In an interview with Tech Trader Daily this afternoon, Hagerty said profits will be a little lower in the fourth quarter than the first quarter due to investments the company is making in sales and marketing.
Hagerty says the company is seeing good traction with its high-def video conferencing systems, and seeing “a lot of momentum” in the telepresence sector.
Hagerty says neither Polycom’s resellers not its sales force is seeing any signs of slowing related to the weaker economy. He notes that the company had about 53% of revenue from the U.S., market in the latest quarter, with about 20% from Asian-Pacific and Europe most of the rest.
Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
