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Logitech first-quarter revenue falls by 2 percent to $470 million

(Reuters) – Swiss-American gadget maker Logitech International SA on Thursday posted a 2 percent drop in quarterly revenue, hurt by a strong dollar and falling demand for its computer accessories. The Lausanne-based company reported adjusted operating profit for its first quarter ended June 30 of $31 million, or 16 cents a share, compared with 22 cents a share a year earlier. Logitech has been focusing on new lines like wireless music speakers, videoconferencing and video game controllers, to offset a decline in personal computers and weak demand for the mice and keyboards it has made since the dawn of the PC age.

Quoted from Logitech first-quarter revenue falls by 2 percent to $470 million on Gadgets News Headlines – Yahoo! News

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