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Logitech quarterly profit slumps 38%

Non GAAP operating income fell 38 per cent to $146 million
Last Updated : 26 July 2022, 08:58 IST
Last Updated : 26 July 2022, 08:58 IST

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Logitech International reported a 38 per cent fall in first-quarter profit and cut its full-year 2023 outlook on Tuesday, as the maker of web-cams, speakers and computer mice struggled to match tough comparisons from a year earlier.

The Swiss-American company reported sales of $1.16 billion for the three-month period ended June, down 9 per cent on a constant currency basis. Non GAAP operating income fell 38 per cent to $146 million.

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Published 26 July 2022, 03:32 IST

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