Polycom has announced record revenues of USD $1.1bn for 2008.

The company said VoIP phones continued to be one of its fastest growing product lines in 2008, as customers put out dollars to implement a "money saving solution".

Robert Hagerty, Polycom’s president and CEO, said the revenue figure represented growth of 50 per cent for the full year and generated a record USD $165 million of positive operating cash flow.

He highlighted Polycom’s line of desktop VoIP phones as "one of Polycom’s fastest growing product lines".

"Driven by the significant ROI typically achieved through a transition to Voice over IP, many customers are allocating budgets to deploy this money saving solution," he said.

"With Polycom’s IP telephones customers are enjoying HD voice and a level of features and functionality that we believe is unparalleled in the market."

Hagerty said that,as with Polycom’s conference phones, they had a broad array of strategic partnership including Microsoft, Digium, AT&T and Telstra.

He said the sales cycle had lengthened and budget priorities sometimes moved to video collaboration.

"However, we are pleased with the market gains we’ve made in Voice over IP and expect to leverage our Microsoft and other go-to-market relationships in 2009."

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