Logitech announces record 2000 Second Quarter Results

Logitech announces record 2000 Second Quarter Results is today’s business-side update, the sort of suit-and-spreadsheet news that still decides what games actually reach players.

The useful part: This represents a 39 percent increase over sales of $95.8 million in the same quarter last year. Net income reached $5.2 million, or $2.53 per share ($0.25 per ADS) compared to a net loss of $7.1 million in the same quarter last year. During last year’s second quarter, Logitech posted two non-recurring charges totaling $10.2 million after tax. Excluding these charges, net income improved by 69 percent. Listed pricing shows $133, so this is not vapor sitting on a press sheet.