Q1 Sales up 22 Percent at $267 Million; Operating Income up 175 Percent at $21.6 Million; Net Income up 231 Percent at $18.9 Million
ROMANEL-SUR-MORGES, Switzerland, July 22, 2004 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today reported record Q1 sales and profitability, as the Company continued to execute on its growth strategy. For Logitech’s first fiscal quarter, ended June 30, 2004, sales were $267 million, up 22 percent from $218 million for the same quarter one year ago. Gross margin was 34.1 percent – the highest-ever Q1 gross margin for the Company ..
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