Oct 26, 1999 Logitech Posts Record Second Quarter 2000 Results
Second Quarter Fiscal 2000 Highlights Record revenue of $133 million, an increase of 39% over last year Operating income increases 68% from last year, totaling 5.8 million Record net income of $5.2 million, an increase of 69% over 1999 63% growth in retail sales compared with last year Fremont, Calif./Romanel-sur-Morges, Switzerland - October 26, 1999 - Logitech (NASDAQ:LOGIY; Switzerland:LOGN, LOGZ), international market leader in human interface devices that define the way people link to information in business, at home and online, today announced consolidated net sales of $133 million for the second quarter of fiscal 2000 ending September 30, 1999. This represents a 39 percent increase over sales of $95.8 million in the same quarter last year. Net income reached $5.2 million, or $2.53 per share ($0.25 per ADS) compared to a net loss of $7.1 million in the same quarter last year. During last year's second quarter, Logitech posted two non-recurring charges totaling $10.2 million...
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Jul 27, 1999 Logitech Reports Record First-Quarter Sales
Expanding Product Line, Strong Retail Performance Continue to Fuel Solid Growth First Quarter Fiscal 2000 Highlights Consolidated sales of $114.4 million for the first quarter of fiscal 2000 ending June 30, 1999, increased 63 percent over sales of $70.1 million compared with the same period last year. Operating income of $1.02 million showed a significant improvement over the prior year's operating income of $324,000. Substantial increase in number of new offerings and new technologies in all categories including sub-$50 Internet video camera, second-generation multimedia speaker family, new gaming devices featuring force feedback and motion sensing. More than double the number of radio-based cordless product offerings. New products scheduled to reach retail shelves in time for the holiday selling season. Fremont, Calif./Romanel-sur-Morges, Switzerland - July 27, 1999 - Logitech (NASDAQ:LOGIY; Switzerland:LOGN, LOGZ), international market leader in human interface devices that define...
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