By Lisa Johnston
New products on display at the American International Toy Fair, held in N
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.
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.