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second quarter results

Logitech’s Q2 sales rose by 75% and operating income tripled

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The FINANCIAL — Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced financial results for the second quarter of Fiscal Year 2021. Q2 sales were $1.26 billion, up 75 percent in US dollars and 73 percent in constant currency, compared to Q2 of the prior year. This was the first time ever that Logitech’s quarterly sales exceeded the billion-dollar mark. Q2 GAAP operating income grew 372 percent to $322 million, compared to $68 million in the same quarter a year ago. Q2 GAAP earnings per share (EPS) grew 263 percent to $1.56, compared to $0.43 in the same quarter a year ago.…

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Logitech’s Q2 sales rose by 75% and operating income tripled

4 mins read

The FINANCIAL — Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced financial results for the second quarter of Fiscal Year 2021. Q2 sales were $1.26 billion, up 75 percent in US dollars and 73 percent in constant currency, compared to Q2 of the prior year. This was the first time ever that Logitech’s quarterly sales exceeded…

Ericsson second quarter profit rises

4 mins read

The FINANCIAL — Ericsson reported its second-quarter 2020 results, which shows that the gross margin was higher than expected. Ericsson’s position could also be strengthened if more countries follow the U.K. and ban Huawi from 5G. Company is ready to deliver larger volumes of equipment if Huawei bans spread. Omantel has selected Ericsson (NASDAQ: ERIC) to support the…

Bank of America’s Q2 profit plunged over 50%

4 mins read

The FINANCIAL — Bank of America reported its second-quarter 2020 financial results today. “It is the most tumultuous period since the Great Depression for Bank of America”, says its CEO Brian Moynihan. The fall in revenue and profit was broadly in line with other Main Street peers that have suffered from the need to brace for a…