Home workers make Logitech a lockdown winner
Home workers and computer gamers are making Logitech a lockdown winner.
The maker of mice, keyboards, video conferencing cameras and other peripherals is seeing profits soar.
Over the latest quarter it saw operating income rise more than three-fold.
In 2021 Logitech now expects sales growth of up to 60% for the full year.
That's a rise from earlier estimates of up to 40%, and marks the third time it's lifted its forecast.
The Swiss-American company now expects operating income to exceed 1 billion dollars - also way up on earlier targets.
Chief Executive Bracken Darrell says Logitech thinks the growth will continue, and is investing in capabilities and people to meet demand.