(Reuters) – Logitech International (LOGN.S) reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis.
FILE PHOTO: Chief Executive Officer Bracken Darrell of the computer peripherals maker Logitech addresses a news conference in Zurich, Switzerland March 6, 2019. REUTERS/Arnd Wiegmann
Logitech said demand accelerated in the three months to the end of March as schools and offices shut down to prevent the spread of the disease and their staff started using its video conferencing equipment, software and webcams.
The rise in remote working – teachers giving lessons via video link and doctors giving virtual consultations – contributed to an increase in sales in the company’s fiscal fourth quarter to $709.2 million from $624.3 million a year earlier.
“Video conferencing, working remotely, creating and streaming content, and gaming are long-term secular trends driving our business,” Chief…
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