From Wall Street – Logitech – CY2018-Q3

Strong growth achieved in video collaboration and gaming.

Current Highlights

The highlights for FY2019-Q2 (CY2018-Q3) are as follows:

  • Q2 sales were $691 million, up 9 percent in US dollars and 10 percent in constant currency, compared to Q2 of the prior year.  With so much revenue in other currencies, Logitech is subject to fluctuations in exchange rates.  Both of these numbers (9% and 10%) are down from what was reported 3 months ago (15% and 12%).
  • Q1 GAAP operating income $65 million, compared to $59 million in the same quarter a year ago.
  • As seen in our table below, the growth leader product segments were video collaboration and gaming. Even so, video collaboration remains less than 10% of total revenues.  Gaming is the single largest of the nine product categories (23% of total).
  • America sales up 9%; EMEA sales up 1%; APAC sales up 26% vs. one year ago.

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