Tuesday, October 21, 2003
Logitech Posts Record Second Quarter Results; Revenue $294 million; Operating Income $27.4 million; EPS $.44
Logitech Posts Record Second Quarter Results; Revenue $294 million; Operating Income $27.4 million; EPS $.44: "Logitech Posts Record Second Quarter Results; Revenue $294 million; Operating Income $27.4 million; EPS $.44
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland--(BUSINESS WIRE)--Oct. 21, 2003--Logitech International (Nasdaq: LOGI) (Switzerland: LOGN) today announced that sales for its second fiscal quarter of 2004, ended September 30, 2003, were $294 million, up 17 percent from $252 million in the same quarter last year. Operating income was $27.4 million, up from $25.7 million last year. Net income for the quarter was $21.2 million ($0.44 per share), up slightly from $21 million ($0.42 per share) in Q2, 2003. Gross margin rebounded in the second quarter to 31.5 percent, compared with 27.8 percent during this year's first fiscal quarter - an improvement of 370 basis points.
Q2, 2004 was Logitech's strongest-ever second quarter, with revenue and operating income exceeding its expectations"
Not too surprising. After all, if you're going to spend more than $10 on a mouse, who are you going to buy?
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland--(BUSINESS WIRE)--Oct. 21, 2003--Logitech International (Nasdaq: LOGI) (Switzerland: LOGN) today announced that sales for its second fiscal quarter of 2004, ended September 30, 2003, were $294 million, up 17 percent from $252 million in the same quarter last year. Operating income was $27.4 million, up from $25.7 million last year. Net income for the quarter was $21.2 million ($0.44 per share), up slightly from $21 million ($0.42 per share) in Q2, 2003. Gross margin rebounded in the second quarter to 31.5 percent, compared with 27.8 percent during this year's first fiscal quarter - an improvement of 370 basis points.
Q2, 2004 was Logitech's strongest-ever second quarter, with revenue and operating income exceeding its expectations"
Not too surprising. After all, if you're going to spend more than $10 on a mouse, who are you going to buy?
Comments:
Post a Comment
#
