Nearly every division enjoyed double or triple-digit growth for Q3 '21
Paul Kunert
Wed 20 Jan 2021 // 14:01 UTC
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The pandemic has been kind to Logitech, whose profits have almost quadrupled from what they were a year ago.
Revenues for the peripheral maker's Q3 ended 31 December show a jump of 85 per cent year-on-year to $1.67bn and profit came in at $448m versus $129m. For the nine months of fiscal '21, sales were up 64 per cent $3.716bn and profit grew 205 per cent to $721.5m.
On a conference call with financial analysts, Logitech CEO Bracken Darrell said: "Last quarter, we predicted that as the world opened up, few companies would opt for a full work from home or a full work from the office approach. With another quarter behind us, I have greater conviction that most companies will move to a hybrid at work/at home model."