Plantronics Posts Sales, Profit Increases

By TWICE Staff -- TWICE, 8/2/2011

Santa Cruz, Calif. - Plantronics reported higher net revenues and slightly higher net income for its fiscal first quarter, ended May 3.

First-quarter fiscal year 2012 net revenues were $175.6 million, compared with net revenues of $170.7 million in the first quarter of the prior year.

Net income for the quarter was $29.75 million, slightly higher than the prior year's net income of $28.9 million. Operating income was $39.4 million, slightly lower than the prior year's $40 million.

 "We started fiscal 2012 with strong year over year growth in our Office and Contact Center (OCC) business in all geographies, in part driven by unified communications (UC)," stated Ken Kannappan, president and CEO. "Product revenues related to UC deployments grew by 91 percent, compared with the prior-year quarter, and we remain very optimistic about the UC market and continue to invest accordingly."

Improved economic conditions and the market trend toward UC products drove an 11 percent increase in net revenues of OCC products in the first quarter of fiscal 2012, compared with the same period in the prior year.

OCC net revenues were $131 million in the first quarter of fiscal 2012, compared with $117.6 million in the first quarter of fiscal year 2011. Revenues of UC products were $18.8 million for the first quarter of fiscal year 2012, compared with $9.8 million in the first quarter of fiscal year 2011.

Mobile net revenues were $32.2 million in the first quarter of fiscal year 2012, a decrease of 17 percent from $38.7 million in the prior-year period. This was a result of some market share loss in the U.S. and overall weakness in the product category offset in part by international revenue growth, Plantronics said.