Logitech International increased its sales during its fourth quarter, the computer peripherals maker said on Tuesday, snapping two-and-a-half years of sales downturns after a pandemic-driven boom.<\/p>\n
The maker of computer mice and keyboards said its sales increased by 5% in U.S. dollars and constant currency to $1.01 billion during the three months to March.<\/p>\n
It was the first positive quarter reported by Logitech since October 2021. The Swiss-American company had been struggling in recent quarters, following an 80% sales surge during the COVID-19 years when people bought its products to work and play from home.<\/p>\n
During the fourth quarter, Logitech’s non-GAAP operating profit soared 93% to $159 million.<\/p>\n
For the full year to March, Logitech said its annual sales fell 5% in U.S. dollars to $4.30 billion, better than its outlook for sales in the $4.2-$4.25 billion range.<\/p>\n
Non-GAAP operating profit rose 19% to $699 million, the company said, better than its guidance for $610 million to $660 million.<\/p>\n
Logitech is now aiming to increase its sales by 0%-2% in U.S. dollars to $4.3-$4.4 billion over the next 12 months, while non-GAAP operating income is expected to be $685-$715 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
Logitech International increased its sales during its fourth quarter, the computer peripherals maker said on Tuesday, snapping two-and-a-half years of sales downturns after a pandemic-driven boom. The maker of computer mice and keyboards said its sales increased by 5% in U.S. dollars and constant currency to $1.01 billion during the three months to March. It was the first positive quarter reported by Logitech since October 2021. The Swiss-American company had been struggling in recent quarters, following an 80% sales surge during the COVID-19 years when people bought its products to work and play from home. During the fourth quarter, Logitech’s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-801095","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/801095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=801095"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/801095\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=801095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=801095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=801095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}