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Logitech reports 75% jump in quarterly sales

Logitech has been profiting from people working from home
Logitech has been profiting from people working from home

Logitech International has reported a surge in second-quarter revenue and net profit as the computer peripherals maker benefited from a shift to working from home during the Covid-19 pandemic. 

The maker of computer keyboards and mice also raised its full-year forecast.

It said it now expects annual sales to increase between 35% and 40% in constant currencies and non-GAAP operating income of between $700-$725m. 

"The growth trends that drive our business have accelerated as society adjusts to its new reality," chief executive Bracken Darrell in a statement. 

"The organisation leaders I speak to envision people increasingly working from multiple locations, a hybrid work culture that is emerging as the norm," he added. 

The Swiss-US firm has been profiting from people working from home, which has driven a rise in video calls, and companies refitting their offices to comply with social distancing restrictions. 

Logitech said sales rose 75% to $1.26 billion in the three months to the end of September. Net income rose to $266.9m from $73m a year earlier.