Home WORLD NEWS Logitech Sales Rise 66% on Higher Demand Amid Work-From-Home Activity | Technology...

Logitech Sales Rise 66% on Higher Demand Amid Work-From-Home Activity | Technology News

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(Reuters) – Computer peripherals maker Logitech said on Tuesday it was seeing no let-up in demand from stay-at-home workers, after reporting higher operating income and sales at the start of its 2022 business year.

Sales rose 66% to $1.31 billion during the three months to the end of June, up from $792 million a year earlier. Non GAAP operating income doubled to $235 million in the first quarter.

The Swiss-American company, which makes computer keyboards, mice and webcams, has been boosted in recent months as more people worked from home during the COVID-19 pandemic.

From September, Logitech will replace Swatch Group in the Swiss blue-chip SMI index, bourse operator SIX said earlier this month.

(Reporting by Akriti Sharma in Bengaluru and John Revill in Zurich; Editing by Subhranshu Sahu)

Copyright 2021 Thomson Reuters.

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