Logitech Raises Full-Year Sales Forecast

Logitech International raised its full-year outlook following strong performance and increased demand in the second quarter. The company adjusted its full-year sales forecast from the previously announced $4.34 billion to a range of $4.39-4.47 billion. In the quarter ending in September, the company's non-GAAP operating profit rose by 5% to $193 million, surpassing analysts' expectations of $176 million. Revenue, which includes products such as mobile speakers and webcams, increased by 6% to $1.12 billion in the same period. "Our strong results and overall business momentum give us the confidence to raise our annual outlook," said Logitech CFO Matteo Anversa.