Polycom’s profits fell in Q2, partly because demand in Europe slumped 2% as the videoconferencing company earned globally $5.6 million on sales of $358.5 million. EMEA represents 22% or $80.4 million of Polycom’s revenue… (actually, a low penetration when compared to America’s 50% and APAC 27%).
Profit’s down, business flat…maybe that’s why CEO Andrew Miller says, "In the second half of this year, we will be launching a series of products that we believe will be game-changing."
Game-changing. That’s quite a promise when you make it to Wall Street. Then you need to put your money where your mouth is: so Eric Brown, Polycom COO and CFO confirms, “Our primary focus for the balance of the year will be allocating resources to support our key upcoming new product launches.”
Miller continues, “Most recently, we launched the new Polycom RealPresence Resource Manager offering that further differentiates our Polycom RealPresence Platform with support for large scale video deployments of up to 10,000 endpoints, including mobile devices, multi-tenancy for service providers to deliver Video-as-a-Service cost-effectively, and a new suite of rich, open APIs that extends the value and ecosystem around our RealPresence Platform.” Read more...