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Plantronics Posts Double-Digit Gains

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.