Polycom, Inc. (NASDAQ:PLCM) Q4 2014 Earnings Conference Call - Final Transcript

Jan 22, 2015 • 05:00 pm ET

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Polycom, Inc. (NASDAQ:PLCM) Q4 2014 Earnings Conference Call - Final Transcript

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Executive
Unidentified Speaker

standards as the path to pervasive collaboration.

Our customers' strive to improve communication and collaboration, enhance productivity, drive business agility and decrease costs. We have a broad global footprint with many of the largest and most respected enterprise customers on the planet. Our portfolio of collaboration solutions are designed to provide an undeniable return on investment. And we have an exceptional team that is dedicated to customer success.

I would like to highlight some of Polycom's key wins during the quarter beginning in China.

In the Hunan Province, the Hunan Meteorologic Office purchased the total Polycom platform and Group System Solutions including services and Polycom's Content Management Solution to capture and record important weather meetings and cloud images. This customer chose Polycom because of the ease of use of our video communications products.China Grain Reserves

Executive
Unidentified Speaker

voice, software and services, collectively these focus areas have provided traction and set Polycom on the path to future profitable growth.

In 2015, we will continue to employ a portfolio approach in order to lead customer success with competitive differentiation. Specifically you will see strategic alignment to our vision to unleash the power of human collaboration in the form of new solutions, new products, services and cloud-based software available anywhere you work and driven from Polycom's established foothold, the center of the room.

As you may have seen this week, we announced several technology advancements to provide a superior user experience among these are EagleEye Producer with advanced facial recognition technology and Polycom noise block technology to automatically eliminate extraneous noises such as paper shuffling and keyboard typing from conferencing sessions. Advancements like these drive our competitive position in the workplace of the future. You will see more from us in a way of innovation throughout the year.

Polycom was founded in 1990 with a vision of transforming the way people communicate across voice, video and data sharing applications. 25 years later, the vision still holds true. Our heritage, experience, knowledge and vision for this industry provide us a distinct competitive advantage. We are 100% focused on unleashing the power of human collaboration and on continuing to help our customers defy distance.

Looking ahead in 2015, you should expect Polycom to continue its customer focus and to broaden and deepen the strategic relationships with key partners like Microsoft and others. Polycom's channel programs will evolve in a manner designed to increase profitability for both Polycom and our channel partners. We will also upload quality across our engineering and supply chain organizations in order to deliver the most reliable user friendly products in the industry.

For the full year 2015, we plan to drive growth in top line revenue and continue to improve operating margins and earnings per share. We will also continue to be good stewards of our capital.

To continue our discussion, I will now turn the call over to Laura to review our financial results. Laura?

Executive
Laura Durr

Thank you, Peter. As reported, Polycom generated $349 million in revenue in Q4 2014, essentially flat on