From Wall Street – Plantronics – CY2020-Q2

Transition in progress during the global pandemic.

Current Highlights

The highlights for this quarter are as follows:

  • Revenues of $356M, down 22% vs. Q2-2019
  • Results impacted once again by supply chain disruption related to the Covid-19 pandemic
  • Elevated demand for enterprise headsets related to work-from-home phenomenon
  • Current backlog of roughly five weeks, primarily in headsets
  • Ended quarter with $263M in cash and short-term investments, up $37M from prior quarter