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Logitech Sales, Net Up In Q2

By Staff -- TWICE, 10/27/2008

Fremont, Calif. — — Fremont, Calif. — Logitech International reported record sales of $665 million for its fiscal second quarter, a 5 percent increase year-over-year, while operating income was essentially flat at $80 million, compared with the same quarter a year ago.

Net income was $72 million compared with $12 million in the year-ago period, which included an impairment loss of $67.4 million on the value of short-term investments.

“We are pleased to deliver double-digit revenue growth in what has become an increasingly challenging environment,” said Gerald P. Quindlen, Logitech president and CEO.

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