Polycom posts lower net profit

July 24 Tue Jul 24, 2012 4:10pm EDT

July 24 (Reuters) - U.S. videoconferencing company Polycom Inc reported a lower quarterly net profit as business in Europe slowed.

Net income for the second quarter fell to $6.5 million, or 4 cents per share, from $28.5 million, or 16 cents per share, a year earlier.

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