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Logitech Proposes FY 2014 Dividend Increase of 25%

Logitech International today announced that its Board of Directors has approved an annual dividend for FY 2014 of CHF 0.26 per share, an increase of 25 percent over the prior year, following a year of strong cash flow from operations. The annual dividend is subject to shareholder approval and is expected to be confirmed at Logitech's upcoming Annual General Meeting (AGM), which is scheduled for Dec. 18, 2014 in Lausanne, Switzerland.

The ex-dividend date is expected to be Dec. 24, 2014. If approved by shareholders at the Company's AGM, the approximate payment date for the dividend is expected to be Dec. 30, 2014. Informational materials about the AGM will be mailed to Logitech registered shareholders during the week of Nov. 24, 2014.

Logitech G Unveils G302 Daedalus Prime MOBA Gaming Mouse

Logitech, a leading innovator of gaming peripherals, today introduced its newest Logitech G mouse, the Logitech G302 Daedalus Prime MOBA Gaming Mouse. Tested by professional MOBA gamers from around the world including players from Team SoloMid, Cloud9, CJ Entus Frost, CJ Entus Blaze, and Invictus Gaming, the Logitech G302 is designed to withstand the rigors of the highest tiers of professional eSports gaming. Specifically, its exclusive metal spring button tensioning system improves click responsiveness, making in-game actions fast and accurate.

The Logitech G302 reflects our ongoing commitment to leverage science to design products that help gamers win. The buttons, shape and weight of this mouse are uniquely tuned to the demands of professional MOBA gamers, with fast and responsive left and right-button clicking.

Logitech Unveils the G910 Orion Spark RGB Mechanical Keyboard

Logitech, a leading innovator of gaming peripherals, today announced the Logitech G910 Orion Spark RGB Mechanical Keyboard. The keyboard features Logitech's exclusive new Romer-G mechanical switches, offering 25 percent faster actuation than any other mechanical switch, improved durability and intelligent Illumination.

"This keyboard is the culmination of years of ongoing development by our engineering team, incorporating feedback from gamers and eSports athletes to develop a next-generation mechanical key," said Vincent Tucker, director of Logitech gaming. "Our team was charged with developing a keyboard that truly improves the gaming experience, and Orion Spark delivers."

Logitech Unveils Keyboard Designed For Your Computer, Smartphone and Tablet

Today Logitech unveiled the Logitech Bluetooth Multi-Device Keyboard K480, the first desk keyboard designed for use with up to three devices, regardless of computing platform. Now you can type a report on your computer and, with the flick of the Easy-Switch dial, respond to a message on your smartphone and type a tweet on your tablet. The universal keyboard can connect to three different Bluetooth wireless devices at once, whether you are using a Windows, Mac or Chrome OS computer, or an Android or iOS tablet or smartphone.

"Typing needs have evolved and consumers are computing and texting across multiple screens, often using two or three different operating systems," said Charlotte Johs, global vice president of computer peripherals at Logitech. "The Logitech Bluetooth Multi-Device Keyboard K480 makes it simple for people to work, create or communicate quickly and comfortably, no matter what computing device or platform they are using."

Logitech Granted Nasdaq Extension for Compliance with Listing Rule

Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced two procedural steps related to the delay in filing its FY 2014 10-K and Q1 FY 2015 10-Q with the U.S. Securities and Exchange Commission (SEC). First, the Company has been granted an exception by Nasdaq, extending the deadline to October 15, 2015 for complying with Listing Rule 5250(c)(1) by filing its 10-K and 10-Q. The exception was granted by Nasdaq based on a compliance plan submitted by Logitech in response to a previously announced Nasdaq request.

Second, as expected, Nasdaq issued a non-compliance notice regarding Logitech's delay in filing its 10-Q for the first quarter of FY 2015. The Q1 filing cannot be completed until the 10-K is filed. This notice also relates to Listing Rule 5250(c)(1), which requires the timely filing of these reports with the SEC. Nasdaq also requested an update to Logitech's original compliance plan.

Logitech Announces the G402 Hyperion Fury Gaming Mouse

Logitech, a leading innovator of gaming peripherals, today introduced the fastest gaming mouse ever made, the Logitech G402 Hyperion Fury Ultra-Fast FPS Gaming Mouse. The Hyperion Fury features Logitech's exclusive Fusion Engine sensor technology that can reliably track over 500 inches per second (IPS) and Logitech's exclusive Delta Zero sensor technology for unrivaled accuracy.

"We took on the challenge of creating the world's fastest mouse in service of FPS gamers, and after three years of intensive R&D we are proud to launch a mouse that only Logitech could develop," said Ehtisham Rabbani, general manager of the Logitech gaming business. "The Logitech G402 Hyperion Fury is the fastest gaming mouse, bar none, and the best mouse for high-speed FPS gameplay. Its lightweight design, combined with the precision and capability of the Fusion Engine, lets you make fast, furious swipes and dominate the battlefield, proving once again that Science Wins!"

Logitech Announces Affordable UC Headset Designed for Comfort

Today Logitech introduced the new Logitech USB Headset H570e, designed for all-day comfort, ease of use, and reliability, at an affordable price. Compatible with most unified communication (UC) platforms, the enterprise-quality H570e headset is stylish with unmatched features in its category, enhancing the UC and collaboration experience in the workplace.

The H570e headset is available in stereo for employees who need to block out surrounding noise during desktop calls, and in mono for employees who prefer to have an open ear to their surroundings. It has a durable and adjustable padded headband for all-day comfort, while the metal reinforcement provides strength and flexibility for the best fit. The leatherette headset ear pads are also designed to be comfortable for hours of use and can be easily cleaned or replaced as needed. Inline controls include volume up/down, microphone mute and call answer/end and are designed to be intuitively navigated by touch.

Logitech Raises Profitability Outlook for Fiscal Year 2015 Following Strong Q1

Logitech International (SIX:LOGN)(Nasdaq:LOGI) today announced preliminary unaudited and unreviewed financial results for the first quarter of Fiscal Year 2015.

"We have started the new fiscal year with a strong Q1 performance, delivering sales growth, year-over-year improvement in profitability and improved cash generation," said Bracken Darrell, Logitech president and chief executive officer. "Q1 sales in our Growth category - which includes PC Gaming, Tablet and Other Accessories, and Mobile Speakers - were up 17 percent, with Mobile Speakers sales more than doubling over last year. As planned, our cost reduction actions continue to drive increased operating leverage. As we proceed through Fiscal Year 2015, we will continue to focus both on accelerating sales growth and on achieving our improved outlook for profitability."

Logitech Joins Forces with Top eSports Teams Around the Globe

Logitech, a leading innovator of gaming peripherals, today underscored the company's strong commitment to eSports with the announcement of a roster of top professional gaming organizations from around the globe that use Logitech G hardware to dominate in competitive gameplay.

The teams using Logitech G gear include Alliance in Sweden and Germany, CJ Entus in Korea, DetonatioN in Japan, Invictus Gaming in China, mYinsanity in Switzerland, XCN in Indonesia and Cloud 9, Hammer Time and Team SoloMid in the U.S. In addition to inspiring new products and providing early feedback on products before they come to market, these teams use a mix of Logitech G hardware including headsets, mice, keyboards and mouse pads whenever they play and make appearances on behalf of Logitech G throughout the year.

Logitech Announces the 2014 Color Collection Mice

Today Logitech, the worldwide market leader in mice, unveiled its sixth-annual design collection, releasing three of its most popular mice in new eye-catching patterns and contemporary colors. This bright, vibrant collection puts a wide range of fashionable looks in the palm of your hand.

"The 2014 Logitech Color Collection was designed to reflect the open expression of individuality in today's society," said Charlotte Johs, global vice president of brand development for PC accessories at Logitech. "Colors and patterns can influence your mood and reflect your style. With our new collection's bold designs and vibrant colors, you can show the world how unique you are."

Logitech Introduces New Wireless Speaker Engineered for Performance

Today Logitech introduced the Logitech X300 Mobile Wireless Stereo Speaker, a wireless speaker designed for performance and mobility.

Engineered for wide-range sound, the Logitech X300 Mobile Wireless Stereo Speaker has specially angled drivers to give you an expansive sound spectrum, with precise bass response and detailed mids and highs. With this speaker, you can connect and play your music and video entertainment from any Bluetooth-enabled device up to 30 feet away, giving you the freedom to take your media anywhere.

Logitech Q4 FY 2014 Sales, Profit and Cash from Operations Exceed Expectations

Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the fourth quarter and full year of Fiscal Year 2014. Q4 FY 2014 sales were $485 million, up 3 percent over the prior year. "Our Q4 performance was strong, with sales, profit and cash generation better than expected," said Bracken Darrell, Logitech president and chief executive officer. "Q4 sales in our Growth category - PC Gaming, Tablet and Other Accessories, and Mobile Speakers - were up nearly 50 percent. "At the start of our fiscal year we said we would deliver strong sales in our Growth category, reduce operating expenses and improve profitability. We delivered on our commitments across the board, concluding FY 2014 ahead of our turnaround plan."

Logitech Announces the K830 Illuminated Keyboard

Today Logitech introduced the Logitech Illuminated Living-Room Keyboard K830 to brighten your connected-TV experience. The rechargeable keyboard features backlit keys, an integrated touchpad, and advanced wireless connectivity, so you can type and click from your couch or bed - even in the dark.

"More and more consumers want an easy way to access movies, TV programs, music and photos with their PC connected to a TV," said Charlotte Johs, global vice president of brand development for PC accessories at Logitech. "Our new Illuminated Living-Room Keyboard K830 is designed with this setup in mind. Backlit keys and a premium aesthetic that blends into the living room make it a stand-out choice for people with connected TVs."

Logitech Launches First-of-Its-Kind Logitech G Tunable Gaming Mouse

Logitech, a leading innovator of gaming peripherals, today introduced its newest Logitech G mouse, the Logitech G502 Proteus Core Tunable Gaming Mouse. This extremely customizable mouse combines the world's first 12,000 DPI sensor with advanced surface and weight tuning to help you maximize your victory potential. "I've been super excited to use this mouse in public, I got to test it and it felt great! Was super comfortable and just fit perfectly to my hand," said Hai Lam, team captain for Cloud 9. "Adjusting the DPI is super easy and very flexible. This is probably my favorite mouse to date!" As with every product in the Logitech G lineup, Proteus Core reflects Logitech's commitment to putting science to work to help you win.

Logitech Introduces Harmony Keyboard Control

Today Logitech announced the Logitech Harmony Smart Keyboard, a keyboard and touchpad combination specially designed for controlling streaming media in your living room. This new keyboard simplifies text entry, so you can search for shows, navigate menus and browse the Web on a PC or Mac connected to your TV or Internet-connected media devices, such as Apple TV, Roku or Xbox One.

"Internet-connected and streaming-media devices seem to deliver limitless entertainment options, however their accompanying remotes struggle to keep up with the text entry needed to search for selections," said Chad Thompson, senior director of worldwide marketing and product management for Logitech's digital home business group. "Our goal with the Logitech Harmony Smart Keyboard is to unite Logitech's expertise in both universal remotes and keyboards to provide a fast and simple way to search for and navigate through the vast content options available through the living room's entertainment devices."

Logitech Unveils Breakthrough Group Video Conferencing Solution

Logitech today introduced a breakthrough video conferencing solution. While a typical video conferencing setup can cost $7,000 or far more, the Logitech ConferenceCam CC3000e - at under $1,000 - is a powerful yet affordable video conferencing solution that can turn any small or midsize conference room into a video-enabled collaboration room. Optimized for workgroups of six to 10 people, the Logitech ConferenceCam CC3000e is an all-in-one solution with 1080p HD video, enterprise-quality audio and the ability to easily connect to a laptop or thin client to give workers the productivity benefits of crystal-clear, face-to-face communication.

With its flexibility and affordability, the Logitech ConferenceCam CC3000e empowers companies of all sizes to realize the benefits of video collaboration. "The number of meeting rooms and collaboration spaces has exploded in new office environments. Yet the cost and complexity of deployment and use of current video conferencing solutions has made it impossible to equip 95 percent of these rooms, forcing employees to revert to voice," said Eric Kintz, Logitech senior vice president. "The ConferenceCam CC3000e is a breakthrough in group video conferencing allowing people to collaborate on their own terms anywhere, any time and with any device and any application."

Logitech Delivers Better-Than-Expected Q3 FY 2014 Results

Logitech International (SIX:LOGN)(Nasdaq:LOGI) today announced financial results for the third quarter of Fiscal Year 2014, with better-than-expected total sales of $628 million, up 2 percent compared to the third quarter of the prior year. Q3 GAAP operating income was $53 million, with GAAP earnings per share (EPS) of $0.30 compared to a loss a year ago. Q3 non-GAAP operating income was $67 million, with non-GAAP EPS of $0.35, up 84 percent year over year. Cash flow from operations for Q3 was $94 million.

"We're pleased by our solid Q3 performance, with both sales and profit growth," said Bracken P. Darrell, Logitech president and chief executive officer. "We're encouraged by the robust sales in our growth categories, as well as the success of our ongoing initiatives to improve profitability, which includes the earlier-than-expected return to profitability of LifeSize. We still have more work ahead, but our turnaround is on track as we continue to build a faster and more profitable Logitech."

Logitech Announces Better-Than-Expected Q2 FY 2014 Results

Logitech International today announced financial results for the second quarter of Fiscal Year 2014, with better-than-expected revenue of $532 million, down 3 percent compared to second quarter of the prior year.
  • Q2 GAAP operating income was $17 million, and GAAP EPS was $0.09
  • Q2 non-GAAP operating income was $37 million, and non-GAAP EPS was $0.20
  • Year-to-date GAAP operating income was $17 million, and GAAP EPS was $0.10
  • Year-to-date non-GAAP operating income was $49 million, and non-GAAP EPS was $0.26

Logitech Releases the Wireless Mouse M560

Logitech has now introduces the M560, a wireless mouse that comes equipped with a Windows 8 menu button, located right under the scroll wheel , enabling quick access to the App Bar, Charms Bar, Desktop and Start Screen.

Coming in two color version - black and gray, the mouse features soft, rubber grips, two thumb buttons, and requires one AA battery to power it up. The Wireless Mouse M560 is bundled with a Nano receiver, it has a three-year warranty, and it costs $ 39.99.

Logitech Ultimate Ears Delivers Huge Sound with the New UE MINI BOOM

Today Ultimate Ears introduced a major upgrade to the popular Logitech UE Mobile Boombox with UE MINI BOOM, a surprisingly small speaker that delivers unexpectedly huge sound in stylish and vibrant color options. The UE MINI BOOM takes the Ultimate Ears expertise in filling small speakers with big sound to a new level, with a personal speaker with clear highs and deep bass, giving you great stereo sound wherever and whenever you want it.

With a battery that lasts up to 10 hours, simple controls and Bluetooth connectivity, the UE MINI BOOM is the perfect music companion, whether you're streaming music videos, hanging out with friends or traveling. It streams big sound from any Bluetooth-enabled device from up to 50 feet away, and with such huge sound, you'll need the extra distance. Thanks to its convenient micro-USB charger, it's easy to find a charge for your UE MINI BOOM almost anywhere. Plus, you can wirelessly pair two UE MINI BOOM speakers together after downloading the free UE MINI BOOM app (available for iOS and Android) to double the sound.

Logitech Introduces Ultrathin Touch Mouse

Today Logitech introduced its first ultra-portable touch mouse. The slim design of the Logitech Ultrathin Touch Mouse perfectly complements today's computers, with sleek lines and a brushed aluminum body. "Our personal technology needs are evolving rapidly, and people expect better design," said Charlotte Johs, Logitech global vice president of brand development and portfolio for PC accessories. "Whether it's a computer, tablet, smartphone or touch-navigation device, people are looking for thin, modern design that works fluidly. We created the Logitech Ultrathin Touch Mouse to give people an ultra- portable mouse that complements today's MacBook and Ultrabook computers."

With its thin, feather-light design, the Logitech Ultrathin Touch Mouse easily slips into any computer sleeve or pocket. Its silky-smooth touch surface is created by an invisible coating that helps you simplify Windows 8 navigation, or take full advantage of the Multi-Touch navigation in OS X. Using Bluetooth with Logitech Easy-Switch Technology, the Logitech Ultrathin Touch Mouse can connect wirelessly to your laptop, desktop and tablet at the same time, and you can easily switch among them with the flip of a switch. The mouse is rechargeable through USB and just one minute of charge time gives you enough power to keep working for another hour (based on typical user experience).

Logitech Unveils the G602 Wireless Gaming Mouse, New Mousepads

Today Logitech introduced a mouse that redefines the boundaries of wireless gaming. The Logitech G602 Wireless Gaming Mouse combines 250 hours of non-stop lag-free wireless game play with the precision of Logitech G's exclusive Delta Zero sensor technology to help players dominate boss after boss.

And, to ensure players have the best-possible surface for their particular style of game play, Logitech has also created two new mouse pads, the Logitech G440 Hard Gaming Mouse Pad and the Logitech G240 Cloth Gaming Mouse Pad. These new mouse pads deliver optimized surfaces for both high- and low-DPI game play, respectively.

Logitech Releases Special Edition Logitech Touch Keyboard K400 in White

Logitech is proud to announce that a special edition of its popular Logitech Wireless Touch Keyboard K400 will be available in white starting this September. The special edition keyboard boasts all the features you already love in the traditional Logitech Wireless Touch Keyboard K400, including a built-in touchpad, long range wireless and plug-and-play connectivity. It's the perfect solution for browsing online and watching videos on your PC-connected-TV, and now it comes in a stylish, fresh white, to fit your clean and modern living space.

The touchpad on the Logitech Wireless Touch Keyboard K400 allows you to comfortably control and navigate your content from a distance, so there's no need for a separate mouse. The keyboard layout is also optimized for the living-room environment - it's compact, yet comfortable, giving you direct access to media and entertainment keys. The keyboard even stores vertically, making it easy to put away when not in use.

Logitech Announces the Wireless All-in-One Keyboard TK820

Today Logitech announced the expansion of its keyboard lineup with the Logitech Wireless All-in-One Keyboard TK820, a wireless keyboard with a built-in touchpad that lets you type and swipe comfortably together.

"We created the Logitech Wireless All-in-One Keyboard TK820 to combine everything you need to control and navigate your computer in one sleek keyboard," said Charlotte Johs, Logitech global vice president of brand development and portfolio for PC accessories. "This keyboard offers an innovative way to navigate, letting you type, touch and swipe with a single device."

Logitech Announces First Quarter Financial Results for FY 2014

Logitech International today announced financial results for the first quarter of Fiscal Year 2014. Sales for Q1 FY 2014 were $478 million, up 2 percent from $469 million in Q1 FY 2013, with exchange rates having no impact. Excluding those retail product categories that the Company is exiting (reported in the financial statements as "Retail - Other"), sales for Q1 FY 2014 were up 5 percent year over year. The Company posted a small operating profit compared to an operating loss of $59 million in the same quarter a year ago. Net income for Q1 FY 2014 was $ 1 million ($0.01 per share) compared to a net loss of $51 million ($0.32 per share) in the prior year. Gross margin for Q1 FY 2014 was 35.2 percent, up from 31.0 percent a year ago.

The Company's total retail sales for Q1 increased by 5 percent year over year, up 12 percent in the Americas and 4 percent in Asia, and down 3 percent in EMEA. Excluding "Retail - Other," Logitech's retail sales for Q1 FY 2014 increased by 8 percent over the prior year. OEM sales decreased by 6 percent and sales for the LifeSize division decreased by 18 percent.
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