11/1/2023 0 Comments Logitech alert![]() Short term we continue to gain market share in our key categories while we adjust our cost structure to the market size. “While our recent results were disappointing, we have always taken a long-term perspective and our long-term strategies remain unchanged. ![]() “Fiscal Year 2023 has been a year of transition for Logitech as we continue to navigate a series of external headwinds,” said Bracken Darrell, Logitech president and chief executive officer. The expected long-term non-GAAP operating margin target is maintained at between 14 and 17 percent. The expected long-term non-GAAP gross margin target is maintained at between 39 and 44 percent. Long-term, the expectation for sales growth in constant currency continues to be from 8 to 10 percent. Long-Term Business Model: Logitech maintains its long-term non-GAAP model.Non-GAAP operating income is expected to be between $160 million and $190 million. Revenue is expected to be between $1.8 billion and $1.9 billion, a decline in US dollars of between 22 percent and 18 percent. First Half Fiscal Year 2024 Outlook: Logitech announced its outlook for the first half of Fiscal Year 2024.Current Fiscal Year 2023 Outlook: Logitech confirmed its current Fiscal Year 2023 outlook of between 15 percent and 13 percent sales decline in constant currency, and between $550 million and $600 million in non-GAAP operating income.53 LR - Logitech International (SIX:LOGN) (Nasdaq:LOGI), in advance of a meeting to be held with financial analysts and investors, today confirmed its financial outlook for fiscal year 2023 and provided its outlook for the first half of fiscal year 2024. LAUSANNE, Switzerland & NEWARK, Calif.-(BUSINESS WIRE)- SIX Swiss Exchange Ad hoc announcement pursuant to Art. ![]()
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