Feeds

Logitech ignores PC slowdown

Cordless sales are cookin'

  • alert
  • submit to reddit

Top three mobile application threats

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

3 Big data security analytics techniques

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.