(Reuters) – Logitech Worldwide
on Tuesday reported a surge in second-quarter income and web revenue as the pc peripherals maker benefited from a shift to working from dwelling in the course of the COVID-19 pandemic.
The maker of laptop keyboards and mice additionally raised its full-year forecast, saying it now expects annual gross sales to extend between 35% and 40% in fixed currencies and non-GAAP working earnings of between $700 million and $725 million.
“The expansion tendencies that drive our enterprise have accelerated as society adjusts to its new actuality,” stated Chief Govt Officer Bracken Darrell in an announcement.
“The group leaders I communicate to check folks more and more working from a number of areas, a hybrid work tradition that’s rising because the norm.”
The Swiss-U.S. agency has been benefiting from folks working from dwelling, which has pushed an increase in video calls, and corporations refitting their workplaces to adjust to social distancing restrictions.
Logitech stated gross sales rose 75% to $1.26 billion within the three months to the tip of September. Web earnings rose to $266.9 million from $73 million a yr earlier.
(Reporting by Sabahatjahan Contractor in Bengaluru and John Revill in Zurich; Enhancing by Amy Caren Daniel)
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