Tuesday, April 22nd 2008

Logitech Delivers Tenth Consecutive Record Year with Strongest Q4 Ever

Logitech International today announced record Q4 sales and profits, delivering its tenth consecutive year of double-digit revenue growth and reaching its full year revenue and profitability goals.

For the fourth quarter of Fiscal Year 2008, ended March 31, 2008, sales were $601 million, up 17 percent from $513 million in the same quarter last year. Operating income was $66.1 million, up 20 percent from $55.3 million for the same quarter a year ago. Net income was $60.3 million ($0.32 per share), up from $56.2 million ($0.29 per share) in the prior year. Gross margin was 35.6 percent, compared to 34.5 percent in Q4 of FY 2007.

Logitech’s retail sales for Q4 grew by 15 percent year over year, increasing by 13 percent in EMEA, 8 percent in the Americas, and 58 percent in Asia Pacific. Across Logitech sales regions, retail growth was fueled by strong sales of cordless mice (up 58 percent) and speakers (up 24 percent). Retail video sales grew by 9 percent. OEM sales grew by 34 percent, driven primarily by strong demand for microphones for console gaming.

For the full fiscal year, sales were $2.4 billion, up 15 percent from $2.1 billion in FY 2007. Operating income was $287 million, up 24 percent from $231 million a year ago. Net income was $231 million ($1.23 per share) compared to $230 million ($1.20 per share) in the prior year. Gross margin for the fiscal year was 35.8 percent, compared to 34.3 percent in FY 2007.

“We are very pleased with our Q4 performance, including our return to growth in the video category,” said Gerald P. Quindlen, Logitech president and chief executive officer. “Our revenue growth of 17 percent 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. The strong momentum we carry into the new fiscal year, combined with a solid balance sheet, position us to continue delivering double-digit growth in sales and profitability.”Source: Logitech
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21 Comments on Logitech Delivers Tenth Consecutive Record Year with Strongest Q4 Ever

#1
Dangle
That's cuz I just bought their 5.1 500watt computer speakers.
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#2
cool_recep
M$ was going to buy them once upon a time :D
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#3
ShadowFold
The only logitech product I didnt like was my 12$ headset from them, it broke after 3 months but hey it was cheap :p I love my PS3 logitech headset, G5 mouse, and surround sound system!
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#4
Cold Storm
Battosai
Everything but my keyboard is logiteh. Now, I just need to buy a new keyboard and everything will be set!
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#5
anticlutch
More power to Logitech :D

They have one of, if not THE best, customer supports from personal experience. As the company continues to grow, I hope the way they do their customer support will never change :)
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#6
Silverel
I've got a Logitech mouse and headset. Both are flawless.

Seems they do a very small amount of things poorly.
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#7
PVTCaboose1337
Graphical Hacker
I have a logitech keyboard, a pair of logitech speakers and own 2 of their mouses. i will always buy from them because they make good components that last.
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#8
Cold Storm
Battosai
The only thing I ever had that was poor was my head sets.. both of them just broke with in a few days... Don't know why... lol.. But, I'd tell anyone to buy anything else!
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#9
indybird
Ive always bought Logitech except for once. I saw a really nice Cobalt wireless mouse from MS that looked nice. I bought it and it was TERRIBLE. Thats what I get for straying from logitech. Now I got a G9, Z-5500 and 1st Gen. G15: I love every single one to death.

-Indybird
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#10
WarEagleAU
Bird of Prey
I got a cheapo Walmart Logitech V700 I think. Awesome mouse, even for gaming :D
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#11
Triprift
G5 mouse and v20 lappy speakers for me both great products.

Great to logitech doing so well :toast:
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#12
hv43082
Logitech can thank me for my business (G5, G7, G9, G15, Z5500, Quick Cam Ultra Pro).
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#13
Nitro-Max
Ive bought 2 of logitech's hardware in the past week got a great webcam hi res 5 mega pixels face tracking etc..

Got a logitech G15 keyboard arriving in the morning whooo!

some great pruducts there coming out with as long as the qualitys there i dont mind paying for it.
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#14
Dangle
I'll take my Saitek II keyboard over any logitech, but I won't trade my Logitech mouse for any other.
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#15
FreedomEclipse
~Technological Technocrat~
Ive have a Logitech -

-LX300 K&M set
-LX3000 K&M set
-Precision Gaming Headset
-G7 Cordless Gaming Mouse (which is one of the best mouses ive ever used if u can live with the constant recharging of battry packs - pitty it got discontinued before the launch of the G9 gaming mouse)

Im also planing to pick up one of their 5500 5.1speaker kits to replace my shitty creative set in the near future & possibly one of their new gaming keyboards

Logitech are awesome...just wish they were a little cheaper


::EDIT::

forgot to add that i also have a Logitech Extreme 3d Pro joystick :P ahhh memories of BF2!!!!
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#16
ShinyG
Let me be the one to crash the party by saying their drivers suck!
I have a MX1000 mouse and it's almost impossible to use the setpoint drivers on WinXP64 or Vista64. This problem has been present in their drivers for some time now, but they failed to fix it. They have some lame excuses on their support forum. Shame!
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#17
3870x2
we use logitech equipment here at socom, and added to the fact that they have a good wide selection of mice, including the g9, widely known as one of the best mice available, logitech is one of my favorite companies. I just wish more people would make keyboards that looked nice like the saitek eclipse.
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#18
xubidoo
Logitech Rumble pad 2 Cordless
Logitech Z-10 Speakers
Logitch optical mouse ( on spare pc)

very happy with them all.
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#19
1c3d0g
I hate Logitech. :mad: I bought a $30 headset and it broke in less than 2 months. I decided to try again with an MX 500 mouse and it began to rattle itself loose and came apart within a month. I will never buy any POS Logitech product again. Besides, Razer > Logitech.
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#20
3870x2
Im sorry that you feel that way. I abuse my products from logitech pretty heavily, maybe you should abuse yours a bit more, maybe they feel neglected. . .
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#21
GJSNeptune
I've always loved Logitech.

Logitech MX700 Duo (keyboard, mouse)
Logitech MX Elite keyboard (white, wired)
Logitech MX Elite keyboard (black, wired)
Logitech wireless mouse
Logitech wireless notebook mouse

My college roommate got the z-680 5.1 speakers and I hated the sub. It was muddy and only had two options--no bass and too much bass. That was my first impression of their speakers, so I went with Klipsch.

My parents have the 9000 Pro webcam, which I set up for them. Very nice webcam.
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