Logitech raises FY outlook, quarterly operating profit jumps more than 75%

The company said demand for video streaming and productivity products remained high as lockdowns introduced around the world to restrict the spread of the coronavirus resulted in an increase in the number of people working from home. The Swiss-U.S. maker of computer peripherals raised its sales outlook for the 2021 fiscal year to 10% to 13% growth from mid single-digit percentage gain in constant currency. The company also raised its annual outlook for non-GAAP operating profit in the range of $410 million to $425 million from $380 to $400 million. …read more

Source:: Yahoo Finance

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