Video Collaboration provides strong growth engine
The highlights for FY2020-Q1 (CY2019-Q2) are as follows:
- Fiscal Q1 sales were $644 million, up 6 percent in US dollars and 9 percent in constant currency, compared to FYQ1 of the prior year. Unfavorable currency exchange rates adversely impacted sales growth as seen in the difference between US sales and constant currency sales.
- GAAP operating income grew 46 percent to $47 million, compared to $32 million in the same quarter a year ago.
- Cash flow from operations was $37 million, up from $12 million in the same period a year ago.
- The company reported positive sales growth in all geographic regions.