Logitech reports strong gaming, video in Q2
Switzerland-based Logitech International has reported Q2 sales of $634m, up 12% in dollars and 11% in constant currency, compared to Q2 of the prior year.
Q2 GAAP operating income grew 12% to $60m, compared to $53m in the same quarter a year ago. Q2 non-GAAP operating income grew 12% to $72m, compared to $65m in the same quarter a year ago.
“We delivered another strong quarter of growth,” said Bracken Darrell, Logitech president and chief executive officer. “Gaming and Video Collaboration categories showed particular strength and momentum. And we have a diverse and strong portfolio overall. We’re entering the second half of the year with a wide range of exciting products ahead of the holiday season.”
Logitech’s outlook for Fiscal Year 2018 is 10% to 12% sales growth in constant currency and $260m to $270m in non-GAAP operating income.