Logitech International on Tuesday raised its sales outlook for the first half of its 2024 financial year, in the first set of results since longstanding CEO Bracken Darrell quit the computer peripherals maker last month.
July 25 - Logitech International
The company said it now expects first-half sales of $1.875 billion to $1.975 billion, compared to 1.8 billion to 1.9 billion earlier.The keyboard-maker, whose products also include mobile speakers, webcams and computer mice, said its sales in the three months to end of June fell 16% to $974 million.Non-GAAP operating profit, meanwhile, was $109 million, better than the $70 million forecast by analysts.
Lower spending by businesses and consumers amid an economic downturn are expected to weigh on results.
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