ZURICH, Jan 28 (Reuters) - Logitech International
raised its full-year forecast on Tuesday, 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 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.