Welcome to our dedicated page for Logitech International SA news (Ticker: LOGI), a resource for investors and traders seeking the latest updates and insights on Logitech International SA stock.
Logitech International S.A. is a renowned Swiss-American multinational company specializing in the design, manufacture, and marketing of computer peripherals and software. Established in 1981 and headquartered in both Lausanne, Switzerland, and Newark, California, Logitech has grown to become a leading name in the tech industry.
The company offers a wide array of products, including mice, keyboards, webcams, conference room cameras, headsets, and music-related items such as wireless speakers. Logitech's commitment to innovation and quality has earned it a significant share of the global market for computer accessories.
Recent developments highlight Logitech's dedication to sustainability and environmental responsibility. In April 2024, Logitech announced its Design for Sustainability (DfS) initiative, focusing on creating products with a reduced environmental impact. This includes experimenting with materials like cork, which is lightweight, heat-resistant, and impermeable. Logitech's innovative culture aims to replace traditional plastics with more sustainable alternatives.
Notably, Logitech has made strides in using post-consumer recycled plastic, which they term 'Next Life plastic.' This initiative is part of their broader strategy to minimize the carbon footprint and promote a circular economy. In 2022, Logitech successfully eliminated 500 tons of single-use plastic from its packaging, a testament to its ongoing commitment to environmental sustainability.
Logitech continues to push the boundaries of design and technology, fostering a workplace environment that encourages innovation and sustainability. The company's dedication to these principles not only helps protect the planet but also positions it as a leader in the tech industry.
Logitech has successfully provided technology resources to all students in TechLit Africa, including new schools joining next year. The partnership, announced earlier this year, supports a tech non-profit teaching digital skills to students in rural African schools. The initiative enables children in Kenya to build their own headsets, promoting innovation and creativity. TechLit Africa was founded by Nelly Cheboi, a Kenyan native, and Tyler Cinnamon, focusing on bringing more Kenyans into the digital economy and developing solutions to poverty.
Logitech Sight, the company's AI-driven tabletop camera with intelligent multiparticipant framing, has been named to TIME's Best Inventions of 2024 in the Connectivity & Communications category. The device features two 4K cameras and seven microphones that use acoustic beams and direction-of-arrival technology to track speakers. The system's Smart Switching feature employs AI to automatically coordinate with Logitech's Rally Bar cameras, providing dynamic views of active speakers. Designed to address inequitable hybrid meetings, Sight aims to make remote workers feel more included by utilizing multicamera techniques similar to news broadcasts. The innovation has also received several other design awards including Fast Company Innovation by Design 2023 and Red Dot Winner 2024.
Logitech International (SIX: LOGN) (Nasdaq: LOGI) has announced its participation in the upcoming Morgan Stanley European Technology, Media and Communications Conference. The event will take place in Barcelona, Spain on Thursday, November 21, 2024, at 2:00 p.m. CET. The company will provide a webcast link on their corporate website, which will be available for replay for one year after the event.
Logitech announced the filing of its Quarterly Report on Form 10-Q for the second quarter of Fiscal Year 2025 on October 24, 2024.
The report is available on the SEC's website and Logitech's investor relations website.
The company is listed on the SIX Swiss Exchange and Nasdaq under the ticker LOGI.
Logitech announced strong Q2 FY2025 results, with sales up 6% to $1.12 billion. The company reported improved profitability, with GAAP gross margin increasing 210 basis points to 43.6% and non-GAAP gross margin rising to 44.1%. GAAP EPS grew 10% to $0.95, while non-GAAP EPS also increased 10% to $1.20.
Logitech's CEO, Hanneke Faber, attributed the growth to improving demand across regions, categories, and customer segments. The company raised its FY2025 outlook, projecting sales growth of 2-4% and non-GAAP operating income growth of 3-7%. Logitech maintained a strong cash position of $1.4 billion and returned $340 million to shareholders through dividends and share repurchases.
This October, Logitech is celebrating International Wellbeing Month, coinciding with Global Ergonomics Month and World Mental Health Day. The initiative aims to address the growing need for wellbeing in the workspace, as 70% of people in the U.S. and Canada express a desire to optimize their workspaces for comfort and ergonomics.
Logitech's campaign includes:
- Expert tips on physical and mental wellbeing, featuring a collaboration with Modern Health
- Introduction of the Ergo Series, a range of ergonomic mice and keyboards designed for day-long comfort
Recent research by Logitech identified main contributors to workplace discomfort, yet only 55% of consumers use products to enhance workspace comfort. The company encourages people to take steps towards a healthier work environment, emphasizing that when we #FeelBetter, we #DoBetter.
Logitech has announced the introduction of its Responsible AI Principles, demonstrating the company's commitment to responsible technological advancement. These principles aim to ensure that AI-powered solutions are developed and deployed with high standards of transparency, accountability, fairness, privacy, and security.
The company recognizes the evolving challenges and opportunities in AI and states that these principles will continue to guide their innovation process. Logitech emphasizes its promise to deliver technology that enhances human potential and is beneficial for both people and the planet.
For more detailed information about Logitech's Responsible AI Principles, readers are directed to visit the company's website.
Logitech has unveiled the POP Icon Keys, a new keyboard designed to blend style with productivity. This innovative product offers:
- Bold design with fresh colors and transparent finishing
- Contoured, low-profile keys for responsive and quiet typing
- Four customizable Action Keys for quick access to productivity tools
- Compatibility with multiple operating systems and devices
- Up to 36 months of battery life
The POP Icon Combo pairs the keyboard with the POP Mouse, featuring SmartWheel navigation and Silent Touch Technology. Both products are made with post-consumer recycled plastic and come in various color options. The POP Icon Keys will be available globally in October 2024 for $49.99, the Combo for $69.99, and the POP Mouse for $29.99.
Logitech International (SIX: LOGN) (Nasdaq: LOGI) has announced the release date for its second quarter fiscal year 2025 financial results. The company will disclose the results on Monday, October 21, 2024, at 6:00 p.m. Pacific Daylight Time and Tuesday, October 22, 2024, at 3:00 a.m. Central European Summer Time.
Following the release, Logitech will host a videoconference on Tuesday, October 22, 2024, at 5:30 a.m. Pacific Daylight Time and 2:30 p.m. Central European Summer Time to discuss the results. Interested parties can access a livestream of the event on the Logitech corporate website at http://ir.logitech.com.
Logitech has announced the availability of MX Ink, the first Mixed Reality (MR) stylus specifically designed for Meta Quest. This precision tool offers a pen-like feel for navigating, annotating, and creating in both 2D and 3D environments. Key features include:
- Pressure-sensitive tip for natural writing and gaming motions
- Compatibility with Meta Quest 3S, Quest 3, and Quest 2
- Support for various applications in creativity, productivity, medicine, architecture, and education
- Easy pairing through the Meta Quest app
- Option to use with MX Mat for a low-friction writing surface
The MX Ink is priced at $129.99, while the MX Ink + MX Inkwell Combo is $169.99, and the MX Mat is $49.99. These products are available globally through Logitech's website, Meta's website, and Amazon.
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