From Wall Street – Logitech – CY2020-Q3 (FY2021-Q2)

Quarterly update including financial information and Recon Research’s opinions and insights

Current Highlights

  • Logitech hit a home run (or a six for cricket fans) this quarter with sales of $1.26 billion, up 75% in US dollars and 73% in constant currency (year over year)
  • Operating income grew 372% to $322 million
  • Net income grew to $267 million, up from $73 million a year ago
  • As of this quarter, collaboration is now the second-largest business segment at Logitech, behind gaming and just ahead of keyboards and combos