Polycom Q4 revenues $317 million, EPS 23 cents
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GAAP net income for the full year 2015 was $69 million.
GAAP net income for the full year 2015 was $69 million, or 50 cents per diluted share on a GAAP basis. Polycom’s quarterly and full year financial results, along with a reconciliation of GAAP to non-GAAP performance, are provided in the tables at the end of this press release.
“Polycom reported in-line quarterly performance and continued year-over-year improvement in non-GAAP operating margin,†said Peter Leav, president and chief executive officer.
“We are excited with the positive customer feedback and long term opportunities created by our newest product innovations.â€
“Polycom worked diligently to improve the flexibility of its financial model in 2015,†said Laura Durr, chief financial officer and executive vice president.
“These efforts allowed us to significantly improve company operating performance for the second year in a row.†Polycom generated $120 million in operating cash flow and repurchased $90 million in common stock in 2015. ■