For the last quarter Logitech could get 530 million dollars
Financial calendar Logitech has recently completed the first quarter of 2018. On this occasion, the manufacturer has published the corresponding report.
Over the past quarter revenue Logitech was 530 million dollars, which is 10% more than in the first quarter of the 2017 financial year, when revenue was equal to 480 million dollars. Given the change in the exchange rate growth is equal to 13%.
Operating profit increased by 22% — from 26 to 31 million dollars. The calculation methodology GAAP gives the value of 43 million dollars. For comparison: a year ago operating income non-GAAP was equal to $ 38 million, an increase of 14%.
Based on the successful results of the quarter, the manufacturer has increased its forecast of revenue growth in the current fiscal year to 10-12%.