From Wall Street – Poly – FY2022-Q2

( Published on November 16, 2021 )

Current Highlights

  • Non-GAAP revenues of $420M, up 1% year over year and down 3% quarter over quarter
  • Video revenues of $116M, up 15% year over year and down 16% quarter over quarter
  • Non-GAAP operating income of $53M, down 10% year over year and up 2% quarter over quarter
  • Demand remains strong, but sales impacted by supply-chain challenges
  • Margins impacted by increased shipping cost and spot market purchases to address demand

NOTES

This note covers the three months ending October 2, 2021.

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