Logitech International has reported revenue of $960 million (–22 percent) for the fourth quarter and $4.54 billion (–17 percent) full fiscal 2023, ended March 31, 2023.
This performance reflects the challenging macroeconomic environment and lower enterprise and consumer spending, Logitech said in its earnings report.
Logitech is expecting 22-18 percent decrease in its revenue to $1.8 billion – $1.9 billion during the first half of 2023.
Logitech has generated revenue of $728.357 million (–7 percent) from Pointing Devices, $836.432 million (–14 percent) from Keyboards & Combos, $227.692 million (–4 percent) from PC Webcams, $254.374 million (–18 percent) from Tablet & Other Accessories, $1211.485 million (–17 percent) from Gaming, $887.517 million (–11 percent) from Video Collaboration, $111.649 million (–25 percent) from Mobile Speakers, $274.231 million (–32 percent) Audio & Wearables in Fiscal Year 2023.
“Logitech’s Fiscal Year 2023 performance was in line with our revised outlook,” said Bracken Darrell, Logitech president and chief executive officer. “Despite the decline in sales, we are significantly larger than before the pandemic. We are focused on our long-term strategy, building out our capabilities and capitalizing on the trends that fuel our business – video collaboration, hybrid work, gaming and digital content creation.”