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Logitech Announces Fourth Consecutive Quarter of Sales Growth

btarunr

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Logitech International today announced financial results for the third quarter of Fiscal Year 2025. "We're excited to deliver strong, profitable growth once again, in our biggest quarter of the year," said Hanneke Faber, Logitech chief executive officer. "Our growth was driven by our strategic priorities. We delivered superior innovation. Gaming sales were near pandemic-high levels, thanks to an outstanding set of innovations launched ahead of the holidays. We delivered near record sales in our premium Pro Gaming and MX portfolios. Logitech for Business made excellent progress. And our teams fielded effective marketing campaigns and excellent holiday retail execution to drive broad-based geographic progress."

"Q3 marks another disciplined quarter," said Matteo Anversa, Logitech chief financial officer. "Thanks to our strong operational performance, we again delivered year-over-year expansion of gross margin. While we expect fourth quarter currency headwinds, the strong demand in the third quarter and the continued promotional and operational discipline of our teams give us confidence about the trajectory of our business, and we are increasing our full-year outlook."



Summary:
  • Sales were $1.34 billion, up 7 percent in US dollars and 6 percent in constant currency compared to Q3 of the prior year.
  • GAAP gross margin was 42.9 percent, up 90 basis points compared to Q3 of the prior year. Non-GAAP gross margin was 43.2 percent, up 90 basis points compared to Q3 of the prior year.
  • GAAP operating income was $235 million, up 6 percent compared to Q3 of the prior year. Non-GAAP operating income was $266 million, up 7 percent compared to Q3 of the prior year.
  • GAAP earnings per share (EPS) was $1.32, down 15 percent compared to Q3 of the prior year. Non-GAAP EPS was $1.59, up 4 percent compared to Q3 of the prior year.
  • Cash flow from operations was $371 million. The quarter-ending cash balance was $1.5 billion.
  • The Company returned $200 million of cash to shareholders through share repurchases.

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Well soon they can start to put more and more options behind the GHub, Options or whatever gate software they use. It's annoying when they force user to create accounts to use certain features that worked before.....(looking at several Brio cams) it’s even worse when you need a subscription for it.

Well, maybe they crowdfund an “it just works” version that the customer can pay extra for xD.
 
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Well soon they can start to put more and more options behind the GHub, Options or whatever gate software they use. It's annoying when they force user to create accounts to use certain features that worked before.....(looking at several Brio cams) it’s even worse when you need a subscription for it.

Well, maybe they crowdfund an “it just works” version that the customer can pay extra for xD.
Didn't know Logitech uses the same shady tactics to increase profitability? Does the subscription apply to the business accessories only?
 
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Didn't know Logitech uses the same shady tactics to increase profitability? Does the subscription apply to the business accessories only?
Well they started it already....can't use some options from older Brios anymore unless I create an account to use the software.....also they would like to create a subscription for using a mouse....
 
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