Logitech – Financial Results – FY2023-Q1

This From Wall Street note provides information and RR’s opinions and insight on Logitech’s financial results.
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Current Highlights

Quarterly Update

  • Top-line revenue of $1.16B, down 12% in US $ and 9% in constant currency year over year
  • GAAP operating income down 43% to $115M compared to $203M one year ago
  • GAAP net income down 46% to $101M compared to $187M one year ago
  • Video Collaboration sales of $246M, up 1% quarter over quarter and up 5% year over year

NOTES

  • Logitech’s fiscal year ends March 31st, so fiscal and calendar years do not align.