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Poly (NYSE: POLY) has launched its updated Room Solutions for Microsoft Teams Rooms, designed for various room sizes with enhanced audio and video capabilities. The new Poly Studio Kits utilize Poly DirectorAI technology for improved meeting experiences. These kits are available in North America and select regions, starting at $3,150, pairing with Dell or Lenovo PCs. Poly aims to create equitable video conferencing experiences to adapt to changing workplace needs.
Poly (NYSE: POLY) appointed Talvis Love as a member of its Board of Directors and Audit Committee effective September 28, 2021. Love, the CIO at Baxter International, brings over 30 years of experience from leading companies in various sectors. Poly President Dave Shull highlighted Love's expertise in driving business transformation through technology, essential for addressing remote work challenges. Love expressed enthusiasm for joining Poly, emphasizing the company's focus on providing solutions for hybrid work environments.
Poly (NYSE: PLT), a leader in audio and video technology, announced its participation in several upcoming investor events. Key dates include the Investor Day on May 20, 2021, and fireside chats at the JP Morgan Conference on May 25, Cowen Conference on June 1, and Evercore ISI Conference on June 8. These events will feature leadership, including President and CEO Dave Shull and CFO Chuck Boynton. Live webcasts will be available on the Poly Investor Relations website.
Poly (NYSE: PLT) will change its ticker symbol to 'POLY' effective May 24, 2021, as part of a rebranding strategy. This update marks a significant milestone as Poly celebrates its 60th anniversary. The company, previously known as Plantronics and Polycom, has traded under PLT since 1994. CEO Dave Shull emphasized that this change reflects Poly's commitment to delivering premium audio and video products to enhance communication. No action is required from shareholders regarding the ticker change, as the common stock will continue to be traded on the NYSE with the same CUSIP.
Poly (NYSE: PLT) reported strong Q4 FY21 results, with revenues of $476M, up 17% year-over-year. Key growth drivers included Video, which doubled, and Professional Headsets, growing 20%. The company launched new products like the Voyager Focus 2 and the Poly Rove phone featuring Microban protection. Operating cash flow was robust at $74M, enabling a $100M debt paydown. However, challenges remain due to semiconductor shortages, affecting future revenue growth. For Q1 FY22, Poly expects revenues between $410M - $430M, with non-GAAP EPS guidance of $0.35 - $0.55.
Poly (NYSE: PLT) has launched the Voyager Focus 2, an advanced wireless headset designed for enhanced audio clarity and concentration in work-from-home environments. Key features include three levels of hybrid Active Noise Cancellation, Acoustic Fence technology for superior sound isolation, and options for both corded and wireless connectivity. The headset boasts a battery life of up to 19 hours, a Dynamic Mute Alert, and is certified for Microsoft Teams and Zoom. The Voyager Focus 2 is now available worldwide, catering to users' diverse communication and connectivity needs.
Poly (NYSE: PLT) has introduced Alexa for Business integration with Zoom Rooms, enhancing voice-activated collaboration for users. This offering allows easy setup, enabling users to join meetings and book rooms via voice commands without extra devices. As companies adapt to post-pandemic work environments, this touchless technology is essential for enhancing meeting experiences. Poly's devices, including the Studio X Series and G7500, are certified Zoom Room Appliances and provide advanced features like speaker tracking and noise reduction, streamlining the return to the office.
Poly (NYSE: PLT) announced that its Studio P15 video bar and Sync Family speakerphones received the prestigious Red Dot Award for Product Design 2021. This recognition highlights the innovative design and superior functionality of Poly's products, which cater to modern hybrid work environments. The Studio P15 features 4K clarity and advanced audio technologies, enhancing remote meeting experiences. The Sync Family offers versatile speakerphone options ideal for remote and hybrid workers, combining portability with quality sound.
Poly (NYSE: PLT) announced the Poly Studio P15 personal video bar has won the prestigious iF DESIGN AWARD, celebrating its innovative design and technology tailored for modern workers. The video bar features Zoom and Microsoft Teams certifications, NoiseBlockAI technology, and 4K clarity, enhancing productivity and performance in meetings. Executive VP Tom Puorro highlighted the award as recognition of Poly's commitment to delivering cutting-edge tech that helps users stand out in virtual environments. The Studio P15 is part of the industry-first pro-grade video conferencing equipment range.
Poly (NYSE: PLT) announced the release of its fiscal Q4 and full year 2021 financial results, scheduled for May 13, 2021, after market close. A conference call will occur the same day at 2pm Pacific / 5pm Eastern to discuss these results. Additionally, an Investor Day is set for May 20, 2021, starting at 7am Pacific / 10am Eastern, focusing on corporate strategy, product updates, and financial outlook.
