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Logitech makes a noise about results

by on22 October 2015

Best retail growth in five years

While the recession has been biting PC makers, Logitech is jolly pleased with its financial results.

,Logitech president and chief executive officer Bracken  Darrell  announced financial results for the second quarter of Fiscal Year 2016 which were pretty good.

"I'm excited by our performance this quarter. We delivered our best retail sales growth in almost five years, exceeding expectations. Our growth was broad-based across categories and regions," Darrell said.


The American market grew nine percent, EMEA grew seven percent and Asia Pacific grew 26 percent. The main growth categories were Gaming, Video Collaboration and Mobile Speakers which increased by 50 percent.

“Our reinvigorated innovation engine and commitment to design are delivering powerfully and we have strong momentum heading into the holiday peak season," he said.

Logitech confirmed its FY 2016 outlook of $150 million in non-GAAP operating income and 7 percent growth for retail sales in constant currency.
Q2 sales were $540 million, up 2 percent compared to Q2 of the prior year. Q2 retail sales (total sales excluding OEM and Lifesize) were $496 million and grew 12 percent in constant currency.

Last modified on 22 October 2015
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