Logitech flogs 500,000 emasculated mice
Which was nice for them
It looks like there's still a healthy market for peripherals even though the PC business is super-sluggish. Mice mogul Logitech has posted Q1 sales of $177.9 million, up 26 per cent on last year's Q1 sales of $141.4 million.
Net income hit $6.3 million compared with $5 million for the same quarter last year. Operating income of $8.2 million was more than double that of the previous year.
The company singled out its ball-less cordless MouseMan Optical for special praise - it's shifted more than half a million of them since March.
It was also pleased with a deal it struck with Yahoo! to plug Logitech's QuickCam family of webcams.
Logitech thinks sales will continue to be strong throughout the year. It has restated that it expects sales to grow by approximately 25 per cent in fiscal 2002, with operating income increasing by 40 to 45 percent. For the second quarter, ending September 30, 2001, it expects 12 to 14 per cent growth in revenue and 35 to 40 per cent increase in operating income. ®
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