During its most recent quarter, Logitech posted a 9% increase in sales and a 15% increase in EPS. The company saw healthy growth in its gaming, video collaboration and PC peripherals businesses.
Plantronics, a maker of headsets and other audio communication devices, will now focus on solidifying its performance as a standalone company. In its most recent quarter, Plantronics generated $483 million in net revenues, which benefited from the Polycom acquisition that was completed in July.
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Both Logitech and Plantronics have been facing tough competition from several major technology companies like Cisco (CSCO) and Microsoft (MSFT). The deal would have helped both companies in broadening their product offerings and in lowering manufacturing costs.
Logitech’s stock was up 2.6% in premarket trading on Monday while Plantronics’ shares dropped over 6%.