James Lee
11:58 (BST)
22/04/2008
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Logitech reports steady Q4 growth
Logitech International has announced record Q4 sales and profits, for its tenth consecutive year of revenue growth.
The peripherals manufacturer reported sales results of USD 601 million (EUR 376.9 million), up 17 per cent from last year's quarter result of USD 513 million (EUR321.7 million) . Operating income was USD 66.1 million (EUR 41.4 million), up 20 per cent from USD 55.3 million (EUR 34.6 million) a year ago.
"We are very pleased with our Q4 performance, including our return to growth in the video category," said Gerald P Quindlen, Logitech's CEO.
"Our revenue growth of 17 per cent underscores the strength of our product portfolio and our geographic diversity, both key factors in our ability to deliver consistent growth over the last decade," he added.
"The strong momentum we carry into the new fiscal year, combined with a solid balance sheet, positions us to continue delivering double-digit growth in sales and profitability."
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