Power player in the enterprise headset world continues its advance, but struggles in the video space.
The highlights are for FY2020-Q1 (CY2019-Q2) are as follows:
- Sales growth stalled overall
- GAAP operating income fell from a profit of $21 million in FY19 to a loss of $29 million in FY20
- Video system sales plunged from Q1 to Q2 (CY2019)
- Focus on cost control and capturing cost synergies from merger of Plantronics and Polycom