Plantronics 2010 Annual Report Download - page 40

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32
Net Revenues
Our consolidated net revenues decreased in fiscal 2010 as compared to fiscal 2009 primarily in our Mobile and OCC product revenues
as a result of global economic weakness due to the global recession especially in the first half of fiscal 2010 in comparison to the prior
ear. While we experienced foreign exchange fluctuations in our net revenues during the first half of the fiscal year, the overall
eks whereas fiscal 2009 contained 52
eeks, which impacts the comparison between periods.
CC product revenues driven by a weakened
a and Washington in the U.S. in fiscal 2009 and an improved product
portf
overall f pact for the entire fiscal year was not material.
Net reve , seasonality, discounts and other incentives and channel
ix. Our OCC products represent our largest source of revenues while our Mobile products represent our largest unit volumes.
rimary fluctuations in the net revenues in fiscal 2010 compared to fiscal 2009 were as follows:
ngton in the U.S. in fiscal 2009.
OCC product net revenues decreased by $25.3 million as a result of lower volumes due to continued weakness in the
economic conditions as a result of the global recession.
. Gaming and Computer Audio increased by $5.2 million due to higher sales of UC products and the overall strength of the
product portfolio.
. Clarity decreased by $3.0 million primarily due to lower purchases under state government programs as a result of the impact
of the recession on state budgets and lower OEM sales in Europe.
Primary fluctuations in the net revenues in fiscal 2009 compared to fiscal 2008 were as follows:
· OCC product net revenues decreased by $90.3 million as a result of weak economic conditions.
· Mobile product net revenues increased by $15.5 million primarily due to increased retail placements as a result of an
improved product portfolio as well as demand attributable to hands-free driving legislation enacted in the states of California
and Washington in the U.S. in fiscal 2009.
y
foreign exchange impact for the entire fiscal year was not material. Fiscal 2010 contained 53 we
w
Our consolidated net revenues decreased in fiscal 2009 as compared to fiscal 2008 primarily due to the impact of global economic
weakness due to the global recession. This decrease was primarily due to lower O
economy offset in part by an increase in sales of Mobile headsets due to an improved product portfolio and demand attributable to
hands-free driving laws going into effect in the states of Californi
olio. While we experienced significant foreign exchange fluctuations on our net revenues during the first half of fiscal 2009, the
oreign exchange im
nues may vary due to the timing of the introduction of new products
m
P
· Mobile product net revenues decreased by $37.7 million primarily due to lower volumes as a result of the global recession
along with the benefit realized in fiscal 2009 from Bluetooth headset revenues attributable to hands-free driving legislation
enacted in the states of California and Washi
·
Fiscal Year Ended Fiscal Year Ended
(in thousands) March 31,
2008 March 31,
2009 Increase
(Decrease) March 31,
2009 March 31,
2010 Increase
(Decrease)
Net revenues:
Office and Contact Center $ 519,958 $ 429,669 $ (90,289) (17.4)% $ 429,669 $ 404,397 $ (25,272) (5.9)%
Mobile 171,880 187,419 15,539 9.0% 187,419 149,756 (37,663) (20.1)%
Gaming and Computer Audio 33,612 34,052 440 1.3% 34,052 39,260 5,208 15.3%
Clarity 22,485 23,450 965 4.3% 23,450 20,424 (3,026) (12.9)%
Total net revenues $ 747,935 $ 674,590 $ (73,345) (9.8)% $ 674,590 $ 613,837 $ (60,753) (9.0)%