POLY - POLY STOCK NEWS

Poly (NYSE: POLY), a leader in audio and video technology, will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022. The event features a fireside chat with Dave Shull, the President & CEO, scheduled for 3:35 PM PT. Investors can access a live audio webcast and a replay via the Poly Investor Relations website.

Poly offers professional-grade audio and video products designed for seamless integration with conferencing services, enhancing communication clarity.

Poly (NYSE: POLY) reported Q3 FY22 results with GAAP revenue of $410M, down from $485M in Q3 FY21. The GAAP gross margin decreased to 40.1%. The company faced supply chain challenges, driving increased backlog across all products. Despite these issues, demand remains strong as firms adapt to hybrid working. Poly's outlook for FY22 predicts net revenue between $1.675B and $1.70B, with adjusted EBITDA of $220M to $230M. New alliances with Tencent and a multi-year sponsorship with Red Bull Racing were highlighted as growth strategies.

Poly (NYSE: POLY) has announced a multi-year partnership with Red Bull Racing as their official headsets and video conferencing hardware partner for the 2022 season. This collaboration aims to enhance communication and collaboration within the team through Poly's advanced audio and video technology. Red Bull Racing will utilize products such as the Poly Studio X30 and X50 video bars, Voyager 4320 headsets, and CCX 500 phones. The partnership highlights the commitment of both organizations to performance and innovation in a competitive environment.

Poly (NYSE: POLY) announced it will release its third quarter fiscal year 2022 financial results before the market opens on February 8, 2022. A conference call and webcast will follow at 5:30 a.m. Pacific / 8:30 a.m. Eastern to discuss the results further. Investors can access the event through Poly's Investor Relations website. The company specializes in premium audio and video products that enhance meeting experiences, leveraging AI and machine learning for advanced video conferencing.

Poly (NYSE: POLY) announced the appointment of Kim Mota as Senior Vice President of People Experiences, effective immediately. Mota has over 20 years of HR experience and joined Poly in 2019, previously holding various HR leadership positions. She will lead human resources, focusing on talent acquisition and organizational development, which are crucial for driving business strategy. CEO Dave Shull emphasized her track record in enhancing employee experiences as vital for the company's growth.

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) reported a solid second quarter ending October 2, 2021, with GAAP revenue increasing 2% year-over-year to $419 million. Voice revenue rose by 36% and Video by 15%, while Professional Headsets saw a 5% decline year-over-year. Despite supply chain challenges, the company gained significant market share in video conferencing and launched new products, including the Studio X70 and E70 video solutions. Full fiscal 2022 guidance estimates GAAP revenue between $1.675 billion and $1.725 billion, with projected non-GAAP diluted EPS of $2.30 to $2.70.