Logitech Reports 192% Increase in Quarterly Operating Profit

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In this news, we discuss the Logitech Reports 192% Increase in Quarterly Operating Profit

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(Reuters) – Logitech International increased its non-GAAP operating profit 192% in the third quarter, the computer peripherals maker said on Tuesday, as the COVID-19 pandemic boosted demand for its work-from-home products and its gaming accessories.

Excluding items, the Swiss-American company’s net profit rose to $ 2.45 per share in the three months leading up to the end of December, from $ 0.84 per share a year earlier, he said. in a press release.

Sales of the company, which makes mobile speakers, keyboards, mice and video conferencing devices, rose 85% to $ 1.67 billion.

Report by Anirudh Saligrama in Bengaluru; Editing by Krishna Chandra Eluri

Original © Thomson Reuters

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