Logitech Releases Third Quarter Financial Results for FY 2011
Logitech today announced financial results for the third quarter of Fiscal Year 2011, with sales for Q3 FY 2011 set at $754 million, 22% more from $617 million in the same quarter last year.
Ignoring exchange rate changes side effects, sales increased by 26%.
Operating income was $76 million, an increase of 30 percent compared to $58 million in the same quarter a year ago.
Net income for Q3 was $65 million ($0.36 per share) compared to $57 million ($0.32 per share) in Q3 of FY 2010. Gross margin for Q3 FY 2011 was 36.0 percent, up from 33.9 percent one year ago.