Plantronics reports 8% increase in revenues to $197.4 million in Q3 fiscal year 2013

Infotech Lead America: Plantronics has reported 8 percent increase in revenues to $197.4 million in third quarter fiscal year 2013 compared with $183.2 million in the same period last fiscal.

Its operating income decreased to $34.6 million from $37.4 million.

   
Q3 2013Q3 2012Change ( percent)
Net revenues$197.4 million$183.2 million7.7 percent
Operating income$34.6 million$37.4 million-7.5 percent
Operating Margin17.5 percent20.4 percent
Diluted EPS$0.66$0.71-7.0 percent
 

“We achieved robust growth in Unified Communications (UC) net revenues as global adoption of the technology continues,” said Ken Kannappan, president & CEO of Plantronics. “Solid revenue in Office and Contact Center (OCC) combined with market share gains in mono Bluetooth in the U.S. furthered our revenue growth in the quarter.”

OCC revenues increased 5 percent to $139.4 million compared with $133.3 million in the third quarter of fiscal year 2012 driven by the strength of our UC revenues.

Revenues from UC products, a subset of OCC, grew by 43 percent to $36.1 million in the third quarter of fiscal year 2013 compared with $25.2 million in the third quarter of fiscal year 2012.

Ken Kannappan, president & CEO of Plantronics

Mobile revenues were $44.1 million in the third quarter of fiscal year 2013, an increase of $8.1 million, or 23 percent, from $36.0 million in the third quarter of fiscal year 2012 primarily as a result of strong product launches and good product placement in our retail channels.

Plantronics is expecting revenues of $190 million to $195 million in the next quarter, while operating income will be around $33 million to $35 million.

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