preloder

2017 Q3 – Logitech

Diversification and balance to envy …

Summary of the Earnings Report

Logitech reported strong results for its fiscal Q2-2018, a period that corresponds to calendar Q3-2017.  Revenues (in constant currency) were $634 million, up 12% in US dollars and up 11% in constant currency compared to Q2 of the previous year.  GAAP operating income grew to $60 million, also up 12%.

During the earnings conference call, CEO Bracken Darrell commented that it took the company over three years to reach the $100 million annual sales run rate for collaboration back in December 2015, and just a year and a half later the sales run rate is approaching $200 million.  Other points of interest: