LOGN

Logitech Q1 operating profit jumps more than 75%

Credit: REUTERS/ARND WIEGMANN

July 20 (Reuters) - Logitech International LOGN.S reported a more than 75% increase in non-GAAP operating income in its first quarter as rise in homeworking boosted demand for its webcams, video conferencing products and headsets during the coronavirus lockdowns.

Logitech said its non-GAAP operating income rose to $117.3 million in the quarter ended June 30, up from $67 million a year earlier.

(Reporting by Aakriti Bhalla in Bengaluru; Editing by Krishna Chandra Eluri)

((Aakriti.Bhalla@thomsonreuters.com; +918061823402;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.