Logitech Posts Impressive Q2 Sales And Growth

Logitech Posts Impressive Q2 Sales And Growth 2

Logitech has just issued their latest press release regarding the company’s sales growth for the second quarter and overall profit margins for the 2018 fiscal year.

The Q2 sales were at $634 million, a 12% increase in US dollars and an 11% jump in constant currency compared to the second quarter of the year prior.

Additionally, the second quarter GAAP operating income grew 12% to $60 million, a significant increase from the previous year which was at $53 million. The Q2 GAAP earnings per share or EPS grew 21% to $0.34, compared to $0.28 in the same quarter from the previous year.

The non-GAAP Q2 operating income grew 12% to $72 million from the previous year, which was $65 million in the same time span. Q2 non-GAAP EPS increased 14% to $0.40, compared to $0.35 the past year.

Bracken Darrel, president and CEO of Logitech had this to say on the matter:

“We delivered another strong quarter of growth. Gaming and Video Collaboration categories showed particular strength and momentum. And we have a diverse and strong portfolio overall. We’re entering the second half of the year with a wide range of exciting products ahead of the holiday season.”

Logitech went on to talk about their outlook for the fiscal year: the company expects a 10 to 12% sales growth in constant currency and a $260 to $270 million increase in non-GAAP operating income.

Earlier today, Logitech held a financial results teleconference that discussed the results for the Q2 FY 2018. For more information regarding the conference and a look at the official press release, readers may visit Logitech’s corporate website.

Liked this article and want to read more like it? Check out Zubi Khan’s coverage of Microsoft and why they have never been profitable and Gamestop’s current financial climate.

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