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Logitech posts record quarter results

Peripheral maker Logitech, best known for its mice and trackballs, today reported its sixth consecutive year of record sales and profitability, finishing with the best fourth-quarter performance in the Company’s history. For the company’s fourth fiscal quarter, ended March 31, 2004, sales were US$347 million, up 15 percent from $302 million for the same quarter one year ago. Operating income was $44.9 million, up 29 percent from $34.8 million last year. Net income for the quarter was $38.5 million ($0.78 per share), up 44 percent from $26.6 million ($0.54 per share) in the prior year.

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