Poly Announces Second Quarter Fiscal Year 2021 Financial Results

Poly (NYSE: PLT) today announced second quarter results for the period ending September 26, 2020.

Highlights for the second quarter include the following:

  • Poly posted record Enterprise Headset revenue and unit shipments, and shipped a record number of Video endpoints resulting in the highest Video revenue since the Polycom acquisition.
  • The Company announced Poly Sync, a new family of smart, USB and Bluetooth speakerphones with advanced voice tracking, noise block technology, and virtual assistant integration.
  • Poly continues to offer the broadest range of Microsoft Teams and Zoom certified endpoints for hybrid work, whether at home or in the office. This quarter, Zoom certified the Poly Sync 20 personal speakerphone.
  • The Company retired $37M of debt and ended the quarter with $228M in cash and short-term investments

“Poly’s products are ideally suited for the hybrid work-from-home and work-from-anywhere trends, and we are pivoting aggressively toward this opportunity,” said Dave Shull, Poly President and Chief Executive Officer. “It’s all about execution and delivering for our customers and partners. We are hyper-focused on turning around the company.”

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