Best ever results for Logitech in second quarter

Logitech's peripheral sales are reaching new heights. Keystone / AP Photo

Logitech, the world's leading computer peripheral manufacturer, has announced an 81 per cent increase in its net income during the second quarter of the 2000-2001 financial year. This is the company's best quarterly result so far.

The net income was $9.4 million (SFr16.8 million). Last year, net income was only $5.2 million for the period ending September 1999. Consolidated sales increased 43 per cent, exceeding $190 million ($133 million in 1999).

The gross margin was 33.7 per cent, while the gross profit was 48 per cent. The operating income of $12 million was more than the double that of the same period last year.

Retail sales continued to register strong growth, with a 39 per cent increase. They represent more than 70 per cent of all sales.

The Swiss company’s sales of radio-based cordless products more than doubled in a year. Internet video cameras were also strong sellers.

Logitech expects record growth to continue in the period leading up to the end of the year, with its largest ever selection of products up for grabs.

swissinfo with agencies

http://www.logitech.com/cf/index.cfm

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