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The logo of the Swiss computer control devices manufacturer Logitech is seen in front of the company offices in Morges, Switzerland, on Jan. 6, 2008. Fabrice Coffrini/AFP via Getty Images
Logitech International SA. reported a third-quarter FY22 sales decline of 2 percent year-on-year to $1.63 billion, beating the consensus of $1.27 billion.
Category sales grew 29 percent Y/Y in Keyboards & Combos and 8 percent Y/Y in Pointing Devices and Gaming. Video Collaboration was down 2 percent Y/Y.
Margins
The non-GAAP gross margin contracted 460 bps to 40.6 percent.
