Logitech first-quarter operating profit jumps more than 75per cent

Logitech International reported a more than 75per cent increase in non-GAAP operating income in its first quarter as rise in homeworking boosted demand for its webcams, video conferencing products and headsets during the coronavirus lockdowns.

FILE PHOTO: Logitech computer keyboards are on sale at an electronics store in Westminister, Colorado January 15, 2016.

REUTERS: Logitech International reported a more than 75per cent increase in non-GAAP operating income in its first quarter as rise in homeworking boosted demand for its webcams, video conferencing products and headsets during the coronavirus lockdowns.

Logitech said its non-GAAP operating income rose to US$117.3 million in the quarter ended June 30, up from US$67 million a year earlier.

Z24 News

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Burger King wins dismissal of vegans' lawsuit over Impossible Whopper

Mon Jul 20 , 2020
FORT LAUDERDALE, Florida: A federal judge has dismissed a lawsuit accusing Burger King of deceiving vegan, vegetarian and other customers into thinking it cooked the plant-based patties for its “Impossible Whopper” on different grills than those used to cook beef and chicken. In a decision on Monday (Jul 20), US […]

Share

Social menu is not set. You need to create menu and assign it to Social Menu on Menu Settings.