Swiss-based computer mouse maker Logitech has ended the 2011 fiscal year with lower results than forecast
This content was published on
1 minute
swissinfo.ch and agencies
The company, which has its headquarters in Morges on Lake Geneva, reported making $128.4 million (SFr111.9 million) in net profit for the year, compared with $64.9 million in the previous year.
It had expected a higher growth but experienced a 17 per cent dip in sales in the second half of the fourth quarter in Europe, the Middle East and Africa.
Shares dropped by 1.8 per cent on the news at the opening of the Swiss stock exchange.
For the full year, sales rose by 20 per cent to $2.36 billion while operating income was $142.7 million, 82 per cent more than a year ago. CEO Gerald Quindlen said the company’s “strong year” was driven by the retail regions of the Americas and Asia.
In the fourth quarter sales were up by four per cent to $548 million compared with the same quarter last year.
The company said it was expecting operating income to rise again in the next fiscal year to around $185 million.
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
TV-internet hybrid takes step forward
This content was published on
The dream of linking the internet and television was given another boost last week when internet giant Google announced its newest brainchild, Google TV, a plan – although not the first – to combine the two technologies. The company said it was joining up with big-name tech players including Switzerland’s Logitech, which manufactures peripherals such…
This content was published on
Scientists from the Federal Institute of Technology in Lausanne (EPFL) have discovered that it is possible to remotely reproduce the keystrokes typed on a wired computer keyboard from as far as 20 metres away. Doctoral students Martin Vaugnoux and Sylvain Pasini from the EPFL’s Security and Cryptography Laboratory demonstrated that the electromagnetic waves emitted every…
This content was published on
During a conference in February in Geneva called Lift, participants could reminisce over the earliest days of computing thanks to the Mémoires Informatiques foundation. Founded in Lausanne in March 2007, the group seeks to safeguard the knowledge of computing pioneers and their programming languages to guarantee obsolete computers will still work years from now. Here’s…
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.