Oct 22, 2002 Logitech Posts Record Q2 Results
Revenue at $252 million (up 16%); Operating Income at $25.7 million (up 37%); Net Income at $21 million (up 51%) Romanel, Switzerland/Fremont, CA - October 22, 2002 - Logitech (Nasdaq:LOGI) (Switzerland:LOGN) has posted another record Q2, exceeding company targets. Sales reached $252 million, an increase of 16 percent over the same quarter last year. Operating income was $25.7 million, an increase of 37 percent over the second quarter of the previous year. Net income of $21 million ($0.42 per share) was 51 percent higher. Gross margin of 34.1 percent represented an improvement of 165 basis points over the same quarter last year. Earnings per share were 50 percent higher than the second quarter last year. For the six-month period ended September 30, 2002, as compared to the same period last year, total revenue grew 15 percent to $447 million; operating income grew 42 percent to $38.3 million; and net income grew 57 percent to $31.8 million. Earnings per share were 50 percent higher....
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Jul 23, 2002 Logitech Continues Strong Growth with Record Q1 Results
Revenue Up 14%; Operating Income Up 55%; Net Income Up 71% Fremont, CA; Romanel-sur-Morges, Switzerland - July 23, 2002 - Logitech International (Switzerland: LOGN, LOGZ) (Nasdaq: LOGI) today announced its best first quarter ever, posting sales of $195 million, an increase of 14 percent over the same quarter last year. Operating income was $12.6 million, an increase of 55 percent over the first quarter of the previous year. Net income of $10.8 million ($0.22 per share) was 71 percent higher. Gross margin of 34 percent was 267 basis points higher than the same quarter last year. Retail sales grew by 16 percent and represent 81 percent of the total revenue in the quarter. Key retail growth drivers for the quarter were the Company's keyboard and desktop (mouse + keyboard) businesses, as well as retail video products, especially the dualcam category, which combines webcam communication with the functionality of a digital still camera. At the same time, sales to OEM customers grew by eight...
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Jun 27, 2002 Logitech Shareholders Approve New Board Members
General Assembly Appoints Gary Bengier and Michael Moone to Board of Directors; Company Re-iterates Guidance for FY03 Romanel-sur-Morges, Switzerland/Fremont, CA - June 27, 2002 - Logitech (NASDAQ:LOGI) (Switzerland: LOGN, LOGZ) today announced that the Company's shareholders attending its Annual General Meeting on June 27, 2002, have named two new directors to the Company's Board of Directors: Gary F. Bengier, a former Senior Vice President of eBay Inc., and Michael J. Moone, President and Chief Executive Officer of Alloptic Inc. Gary F. Bengier has many years experience in the technology industry. Most recently, he served as Senior Vice President, Strategic Planning and Development of eBay Inc., and prior to that as eBay's Vice President and Chief Financial Officer. Mr. Bengier holds a B.B.A. degree in Computer Science and Operations Research from Kent State University and an M.B.A. degree from the Harvard Business School. Michael J. Moone is the President and Chief Executive...
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Apr 24, 2002 Logitech Posts Record Q4 to Finish Best Year Ever
Q4 FY 2002: Revenue $256 Million (up 34%) Operating Income $28.1 Million (up 114%) Net Income Doubles to $21.5 MillionFiscal Year 2002: Revenue $944 Million (up 28%) Operating Income $97 Million (up 78%) Net Income $75 Million (up 66%) Fremont, CA; Romanel-sur-Morges, Switzerland - April 24, 2002 - Logitech International (Switzerland: LOGN, LOGZ) (Nasdaq:LOGI) today announced another record quarter, completing its best year ever. For Q4 2002, which ended on March 31, 2002, the Company posted sales of $256 million, a 34 percent growth over sales of $190 million for the same quarter last year. Operating income of $28.1 million was 114 percent greater than the previous year. Net income doubled, reaching $21.5 million ($0.42 per share/ADS), compared with $10.8 million ($0.23 per share/ADS) for Q4 FY01. Gross margin at 34.2 percent grew by 253 basis points over the same quarter last year. For the full fiscal year, Logitech posted $944 million in revenue, a 28 percent growth over fiscal...
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Jan 22, 2002 Q3 FY 2002 - Logitech Delivers Best Quarter Ever
Revenue at $314 Million, Operating Income at $42 Million, Net Income at $33 Million Fremont, CA; Romanel-sur-Morges, Switzerland - January 22, 2002 - Logitech International (Switzerland:LOGN, LOGZ) (Nasdaq:LOGI) today posted its best quarter yet. Driven by strong holiday sales across the entire product portfolio, revenue for the third quarter, ended December 31, 2001, was $314 million, an increase of 35 percent over the $232 million posted for the same quarter last year. Net income of $33 million ($0.66 per share/ADS) was 67 percent higher than last year's net income of $19.9 million ($0.42 per share/ADS). Operating income of $42 million, compared with $26 million for the same quarter last year, represented a 65 percent growth. Gross margin at 37.9 percent grew by 233 basis points sequentially and 324 basis points over the same quarter last year. The Company's retail business grew by 45 percent year over year and accounted for 87 percent of third quarter revenue, continuing to thrive,...
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