ZURICH – On Tuesday, Logitech International (NASDAQ: LOGI) raised its full-year forecast, after reporting higher sales and profit for its important pre-holiday quarter, supported by strong demand for computer hardware products for businesses and gamers.
The Swiss-American company, which makes products such as keyboards, mouse, and webcams, said its sales rose nearly 7% to $1.34 billion in what is traditionally its “biggest quarter of the year”. That compares with the consensus estimate of $1.25 billion, according to Visible Alpha.
Its adjusted operating profit for the third quarter ended December also rose 7% to $266 million.
Logitech (NASDAQ: LOGI) CEO Hanneke Faber said gaming sales were “near pandemic-high levels” thanks to a series of launches ahead of the holidays. “We delivered near-record sales in our premium Pro Gaming and MX portfolios.”
The company now expects its fiscal 2025 sales in the range of $4.54 billion to $4.57 billion, compared with its previous forecast of $4.39 billion to $4.47 billion.