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Plantronics Reports Q2 Growth

October 31, 2012

Plantronics (News - Alert) is doing well for itself, having reported better profits than previously anticipated in its fiscal second quarter. As for the next quarter, it’s anticipating even more, and has every intention to keep rising from there.

Its second quarter profits were posted at $179.3 million, which is a little below the Street consensus, but still up a good percent from last year. The non-GAAP profits were 70 cents a share, above both the guidance range and Street consensus.

As for the next quarter, Plantronics is looking at revenue ranging from $183 million to $190 million. This should fall around the Street consensus, which is set around $188.4 million.

“We achieved another strong quarter of growth in Unified Communications net revenues, despite a challenging economic environment,” said Ken Kannappan (News - Alert), Plantronics CEO. “Our innovation in the UC market continues to yield new partnerships, applications and products which deliver on our brand promise to simplify communications while increasing organizational productivity.”

Plantronics has done well for itself, and its profits speak to that. It’s a small increase in revenue percentage-wise, but still a nice growth. Plantronics is known for high-quality headsets that are great for business phones, and it’s safe to say that its quality is being recognized by the customers who have made these profits possible.

Edited by Braden Becker

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