Logitech posts record Q3 sales figures and raises profit outlook

By Michael Atack
Share

Swiss PC and mobile peripherals designer and manufacturer Logitech has posted its financial results for Q3 of the 2019 fiscal year, with record-breaking sales and profits

According to the firm’s press release, its Q3 sales reached US$864mn.

This US dollar figure is a 6% increase year-on-year, while the rise amounts to 8% in constant currency.

“We delivered record sales and profits in our biggest quarter of the year,” said Bracken Darrell, Logitech’s President and CEO, in the company’s press release.
 
“Our innovative, diverse portfolio drove double-digit growth across Gaming, Video Collaboration, and Creativity & Productivity. On the back of this powerful performance, we are raising our profit outlook for the year.”

See more:

  • Facebook announces 1,000 new jobs across Ireland
  • SAP launches No Boundaries fund to drive female and BME leadership in the software industry
  • Why innovation and technology are key to SMB survival


Logitech’s Q3 GAAP operating income exceeded 2018’s $100mn, reaching $123mn. This represents a 40% increase in earnings per share.

It’s year-to-date cash flow from operations also saw an increase over 2018, totalling $273mn.

As a result of this strong performance, Logitech has raised its annual outlook for Fiscal Year 2019 from $325-335mn to $340-345mn in non-GAAP operating income.

Share

Featured Articles

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI