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

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…

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Ericsson second quarter profit rises

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…

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Bank of America’s Q2 profit plunged over 50%

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…

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