Logitech Releases Third Quarter Financial Results for FY 2011

January 27, 2011 by | Comments

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.

–(Logitech feed)–

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