Logitech sales rise nearly 14% as work from home boosts demand

Logitech, which makes webcams, keyboards, mouses as well as video conferencing devices and software, said its fourth-quarter sales rose to $709.2 million, compared with $624.3 million a year ago. Non-GAAP operating income rose 23.3% to $79 million in the quarter that ended in March. For the full year, the company reported a rise of 6.7% in sales, meeting its FY20 outlook for a mid to high single digit percentage rise, while its annual non-GAAP operating income, at $387 million, beat its FY20 target range of $365 million-$375 million. …read more

Source:: Yahoo Finance

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