Oct 22 Reuters Logitech International raised its fullyear outlook after a strong performance and a growth in demand in the second quarter, the computer keyboard and mouse maker said on Tuesday.

The SwissAmerican technology company now expects its fullyear sales in the range of 4.39 billion to 4.47 billion, up from its previous guidance 4.34 billion to 4.43 billion.

The company39;s nonGAAP operating income rose 5 to 193 million in the quarter ended September, beating analyst consensus forecast of 176 million in a Visible Alpha poll.

The company, whose other products also include mobile speakers and webcams, said revenue grew 6 to 1.12 billion, beating the forecast of 1.10 billion.

Our strong results and overall business momentum give us the confidence to raise our annual outlook, Logitech CFO Matteo Anversa said.

The figures continued a return to sales growth at Logitech, which struggled with lower demand following a pandemicdriven boom, as people stocked up on its equipment to work from home during lockdowns.

The company, based in Lausanne, Switzerland, and San Jose, California, said it expects nonGAAP operating income to be between 720 million and 750 million for the year, compared with its previous guidance of 700 million to 730 million.

Reporting by John Revill and Surbhi Misra; Editing by Rashmi Aich

Source Reuters