From Wall Street – Logitech – CY2020-Q1 (FY2020-Q4)

Current Highlights

The highlights for CY2020-Q1 (FY2020-Q4) are as follows:

  • Fiscal year 2020 ended with revenues of $2.98 billion, the highest ever for the company and up 7% in dollars and 9% in constant currency.
  • Q4 sales were $709 million, up 14% compared to Q4 of the previous year.
  • 60% annual growth in collaboration, which is now the fourth largest business segment.
  • Strong growth in webcams (not part of the collaboration business). Personal video becomes a useful tool for dealing with work-from-home and quarantine restrictions.

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