(PR) Logitech Q3 Sales Grow 85%, Operating Income Triples

(PR) Logitech Q3 Sales Grow 85%, Operating Income Triples

Logitech Intercontinental (6: LOGN) (Nasdaq: LOGI) right now declared money results for the third quarter of Fiscal 12 months 2021. “This quarter’s history benefits reveal the strength of our portfolio, addressing very long-term advancement tendencies in remote perform and schooling, video clip collaboration, esports, and electronic articles creation,” reported Bracken Darrell, Logitech president and chief executive officer. “We are significantly investing in our capabilities and people for the progress probable we see in the upcoming. Logitech has in no way been far more pertinent to our customers’ work, play and creative imagination.”

Logitech raised its Fiscal Year 2021 annual outlook to among fifty seven and 60 p.c revenue development in constant forex, and close to $one.05 billion in non-GAAP operating cash flow. The Firm’s earlier outlook was involving 35 and forty percent sales development in regular currency, and a range of $seven hundred million to $725 million in non-GAAP working cash flow.

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