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Logitech’s annual sales hit a record $ 5.25 billion



Logitech ended its fourth quarter of fiscal year 2021 on March 31. The well-known PC peripheral manufacturer released its quarterly and full-year report yesterday.

Sales for the quarter were $ 1.54 billion. This figure is 117% higher than the figure for the same period last year. Taking into account the change in the exchange rate, the growth in annual terms is 108%.

Operating income for the quarter was $ 295 million, an increase of 818% year-on-year. A non-GAAP calculation gives values ​​of $ 325 million and 312%, respectively.

On a yearly basis, sales reached an all-time high of $ 5.25 billion. It is 76% higher than the value recorded in the report for the 2020 financial year (74% when you take into account the change in exchange rates).

Operating income was $ 1.15 billion, an increase of 315% over the year. A non-GAAP calculation gives values ​​of $ 1.27 billion and 229%, respectively.

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