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Logitech, which makes webcams, keyboards, mouses as well as video conferencing devices and software, said its fourth-quarter sales rose to $709.2 million, compared with $624.3 million a year ago.
Non-GAAP operating income rose 23.3% to $79 million in the quarter that ended in March.
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For the full year, the company reported a rise of 6.7% in sales, meeting its FY20 outlook for a mid to high single-digit percentage rise, while its annual non-GAAP operating income, at $387 million, beat its FY20 target range of $365 million-$375 million.
Logitech had reduced its full-year profit outlook in March to take into account supply chain disruptions due to the coronavirus crisis. The company had reiterated its sales forecast.
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“Video conferencing, working remotely, creating and streaming content, and gaming is long-term secular trends driving our business, Chief Executive Officer Bracken Darrell said in a statement. “The pandemic hasn’t changed these trends; it has accelerated them.”
The company also retained the outlook it gave in March for a mid-single-digit percentage sales growth in constant currencies for the year to the end of March 2021 and expects a rise in operating profit to $380 million-$400 million.
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