From Wall Street – Logitech – CY2020-Q2 (FY2021-Q1)

Current Highlights

The highlights for CY2020-Q2 (FY2021-Q1) are as follows:

  • Logitech’s sales increased 25% in constant currency for Q1 of its fiscal year 2021 (calendar 2020-Q2)
  • Profits grew 75% to $117 million
  • As of this quarter, collaboration is now the third-largest business segment at Logitech.
  • Strong growth in webcams (not included in the collaboration business financial results) and video collaboration, no-doubt driven by the world-wide work-from-home and learn-from-home trends fueled by the pandemic.