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: