The Swiss company Logitech has published a report for the first quarter of its 2022 fiscal year. Let us remind you that not all companies have the same financial year as the calendar year. For Logitech, for example, they don’t match.
Logitech’s revenue for the reporting period was $ 1.31 billion. This is 66% more than the company managed to bail out in the first quarter of the 2021 fiscal year. However, if we take into account the change in the exchange rate, the growth turns out to be a little more modest – 58%.
Operating profit for the year increased from 83 to 203 million dollars, that is, by 143%. The non-GAAP calculation gives a different, but also impressive value – 100%, from 117 to 235 million dollars.
According to the manufacturer, the start of the financial year was good. Based on the figures given in the report, the company predicts that sales for the whole year will be at the level of last year with an accuracy of ± 5%, and the operating profit will amount to 800-850 million dollars.
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