Logitech records 11 consecutive quarters of growth despite supply disruptions
LOGI Logitech International SA
$98.01 +0.47%
View chart & analysis → - 1Logitech recorded a 2% year-over-year increase in net sales for the second quarter.
- 2Logitech achieved non-GAAP operating income of $231 million in the second quarter.
- 3Growth continued despite a 20% decrease in global PC shipments during the quarter.
So what's the key point?
Logitech increased its sales by 2% even as computer sales declined. This means the company earned $231 million in profit despite difficulties in manufacturing goods.
Source The Motley Fool +1 · View original ↗
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