Logitech Sales, Net Up In Q2

By Staff On Oct 27 2008 - 6:00am

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.