Logitech sees 29% growth in Q4

Logitech has announced its results for the final quarter of 2010, boasting 29 per cent year-on-year revenue growth.

Sales for the quarter totalled $525 million, an increase of 29 per cent over the $408 million generated in the same period in the previous year, and operating income was $28 million compared to an operating loss of $43 million last year.

“After a challenging start to the year, we ended Fiscal Year 2010 with very strong sales and gross margin performance,” said Logitech’s president and CEO Gerald P. Quindlen.

“I’m very pleased that in Q4 we delivered strong sell-through growth and achieved double-digit sales growth in our three retail regions, as well as double-digit sales growth across all of our retail product categories. And we delivered our highest Q4 gross margin ever.”