ZURICH, April 30 (Reuters) - Logitech International
increased its sales during its fourth quarter, the
computer peripherals maker said on Tuesday, snapping
two-and-a-half years of sales downturns after a pandemic-driven
boom.
The maker of computer mice and keyboards said its sales
increased by 5% in U.S. dollars and constant currency to $1.01
billion during the three months to March.
It was the first positive quarter reported by Logitech since
October 2021. The Swiss-American company had been struggling in
recent quarters, following an 80% sales surge during the
COVID-19 years when people bought its products to work and play
from home.
During the fourth quarter, Logitech's non-GAAP operating
profit soared 93% to $159 million.
For the full year to March, Logitech said its annual sales
fell 5% in U.S. dollars to $4.30 billion, better than its
outlook for sales in the $4.2-$4.25 billion range.
Non-GAAP operating profit rose 19% to $699 million, the
company said, better than its guidance for $610 million to $660
million.
Logitech is now aiming to increase its sales by 0%-2% in
U.S. dollars to $4.3-$4.4 billion over the next 12 months, while
non-GAAP operating income is expected to be $685-$715 million.