Earnings

Logitech sales surge as working from home boosts demand

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Chief Executive Officer Bracken Darrell of Logitech addresses a news conference in Zurich, Switzerland March 6, 2019.

Arnd Wiegmann | Reuters

Logitech 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.

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…



Source cnbc.com

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