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Plantronics Posts Double-Digit Gains

7/27/2010 09:56:09 AM Eastern
Santa Cruz, Calif. - Plantronics reported double-digit increases in net sales and net earnings for its fiscal first quarter, ended June 30.

Net revenues were $170.7 million, a 21 percent gain over the prior year's opening quarter. Its net income was $25.9 million, more than double last year's first quarter of $10.6 million.

By product category, revenue for its office and contact center group was up 22.6 percent year on year. Mobile was up 19.6 percent; gaming/comp was up 5.8 percent; and the Clarity group was up 24.4 percent.

Plantronics completed the sale of Altec Lansing, its audio entertainment group (AEG) segment, effective as of Dec. 1, 2009. All results of operations related to AEG, including the loss on the sale, are classified as discontinued operations for all periods presented.
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