By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Logitech International reported record double-digit gains in its fiscal third-quarter sales and earnings.
For the quarter, ended Dec. 31, sales were $744 million, up 13 percent from $659 million in the same quarter last year. Operating income was $116 million, up 17 percent from $100 million for the same quarter a year ago. Net income was $134 million up from $94 million one year ago.
Gross margin reached an all-time high for the company at 36.9 percent, compared with 36.2 percent in the previous year's third quarter.
Logitech's retail sales for Q3 grew by 9 percent year-over-year, increasing by 9 percent in the Americas. However, the company reported growth in the Americas was restrained by continued weakness in the Web cam category.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.