Feeds

Logitech results due to 'fighting spirit' of staff

No mice here, then...

  • alert
  • submit to reddit

Logitech made sales of $347m, up 15 per cent, and increased profits by 29 per cent to $44.9m in the fourth quarter ended 31 March. This contributed to yearly sales of $1.268bn and profits of $146m.

The peripherals firm introduced 100 products over the year and sold 47m Logitech-branded items. OEM sales grew 32 per cent for the year, pushed by sales of the EyeToy camera and headset for the Playstation2.

Logitech thinks future growth will come be driven by cordless products, webcams for video messaging and console products. It believes cordless keyboards and mice are close to being standard with new PC purchases. Handwriting recognition will be another sales driver, it says. The firm also forecasts its video-calling application will increase demand for its cameras.

The company will consider acquiring innovative companies but would not consider buying a big company, which it defined as one with annual sales of over $200m.

Logitech sold its 500 millionth mouse during the period, which is easier to type than to say.

Guerrino De Luca, president and chief exec, said: "Logitech enters the new fiscal year poised for success...we introduced new affordable products intended to stimulate and respond to accelerating adoption of cordless peripherals by mainstream computer users."

The company is investing $15m to replace its manufacturing plant in China. ®

Related stories

IT giants fingered over links to China
Logitech to offer Mac OS X digicam drivers
Logitech mouse is female official

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.