Sales of webcams and gaming products are spiking amid the pandemic, but Logitech management is still executing its long-term growth strategy.
News & Analysis: Logitech International
The stock has soared in recent years, and the COVID-19 pandemic has accelerated sales of product categories that support remote work and gaming.
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The revision is small which should encourage investors who are worried about the virus' impact on business.
The electronics accessories specialist posted 15% higher sales in the gaming sector despite lower interest in gaming audio headsets.
It's now official: Logitech is a lifestyle brand.
Management sees the gaming segment resuming its growth track next year.
LOGI earnings call for the period ending September 30, 2019.
The company delivered a better-than-expected quarter despite headwinds.
Video collaboration and other non-PC product lines were responsible for solid first-quarter results.