Logitech Q2 Delivers Best Retail Sales Growth Since 2010

Stefan Mileschin · 23rd October 2015, 08:57

Logitech International (SIX:LOGN) (Nasdaq:LOGI) today announced financial results for the second quarter of Fiscal Year 2016. "I'm excited by our performance this quarter. We delivered our best retail sales growth in almost five years, exceeding expectations," said Bracken P. Darrell, Logitech president and chief executive officer. "Our growth was broad-based across categories and regions.

In constant currency, Americas grew 9 percent, EMEA grew 7 percent and Asia Pacific grew 26 percent. In our Growth category, Gaming, Video Collaboration and Mobile Speakers each grew more than 50 percent. Our reinvigorated innovation engine and commitment to design are delivering powerfully and we have strong momentum heading into the holiday peak season." Logitech confirmed its FY 2016 outlook of $150 million in non-GAAP operating income and 7 percent growth for retail sales in constant currency.

http://www.techpowerup.com/216913/lo...ince-2010.html

23rd October 2015, 08:57	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Logitech Q2 Delivers Best Retail Sales Growth Since 2010 Logitech International (SIX:LOGN) (Nasdaq:LOGI) today announced financial results for the second quarter of Fiscal Year 2016. "I'm excited by our performance this quarter. We delivered our best retail sales growth in almost five years, exceeding expectations," said Bracken P. Darrell, Logitech president and chief executive officer. "Our growth was broad-based across categories and regions. In constant currency, Americas grew 9 percent, EMEA grew 7 percent and Asia Pacific grew 26 percent. In our Growth category, Gaming, Video Collaboration and Mobile Speakers each grew more than 50 percent. Our reinvigorated innovation engine and commitment to design are delivering powerfully and we have strong momentum heading into the holiday peak season." Logitech confirmed its FY 2016 outlook of $150 million in non-GAAP operating income and 7 percent growth for retail sales in constant currency. http://www.techpowerup.com/216913/lo...ince-2010.html

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