Feeds

Logitech ignores PC slowdown

Cordless sales are cookin'

  • alert
  • submit to reddit

Seven Steps to Software Security

Mice mogul Logitech doesn't seem to be suffering from the PC market slowdown.

For Q4, ending 31 March, net profits rose 51 per cent to $14.2 million, up from $9.4 million for the same quarter last year. For the year profits were up 61 per cent at $48.4 million.

And Logitech said it expects sales for fiscal 2002 to grow approximately 25 per cent, with operating income increasing by 40 to 45 percent.

Revenues for Q4 were $197.4 million, 12 per cent up on last year's Q4 sales of $175.9 million. For the full fiscal year, the company's sales reached $761.4 million.

Retail business grew 30 per cent in the year, and accounted for 83 per cent of the company's Q4 revenue. Showing it's moving away from relying on OEM business, more than 30 million Logitech branded products were sold in fiscal 2001.

The company sold 6.9 million cordless products in the year, a growth of more than 80 per cent. It also sold more than one million cameras in each quarter, and for the first time during Q4, more than one million cameras in the retail sector.

Guerrino De Luca, Logitech's president and CEO, said: "I am optimistic about our future. Our product pipeline is as healthy as ever. At the same time that we continue to develop several promising opportunities around the PC, we are also entering the booming console market. In essence, we see significant potential for continuing growth as we enter the new fiscal year." ®

Related Stories

Logitech emasculates mice
Logitech pumps up the volume with Labtec buy

Boost IT visibility and business value

More from The Register

next story
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.