From Wall Street – Plantronics – CY2019-Q2

Power player in the enterprise headset world continues its advance, but struggles in the video space.

Current Highlights

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