Earnings release
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Editorial Contacts : logitech Ben Lu , CFA , Vice President , Investor Relations - USA ( 510 ) 713-5568 Nicole Kenyon , Head of Global Corporate & Employee Communications - USA ( 510 ) 988-8553 Ben Starkie , Corporate Communications - Europe +41 ( 0 ) 79-292-3499 Logitech's Q3 Sales Grow 85 % , Operating Income Triples Company Raises Annual Outlook On Strong Momentum LAUSANNE , Switzerland , Jan. 19 , 2021 and NEWARK , Calif . , Jan. 18 , 2021 Logitech International ( SIX : LOGN ) ( Nasdaq : LOGI ) today announced financial results for the third quarter of Fiscal Year 2021 . . Q3 sales were $ 1.67 billion , up 85 percent in US dollars and 80 percent in constant currency , compared to Q3 of the prior year . Q3 GAAP operating income grew 248 percent to $ 448 million , compared to $ 129 million in the same quarter a year ago . Q3 GAAP earnings per share ( EPS ) grew 222 percent to $ 2.22 , compared to $ 0.69 in the same quarter a year ago . Q3 non - GAAP operating income grew 214 percent to $ 476 million , compared to $ 152 million in the same quarter a year ago . Q3 non - GAAP EPS grew 192 percent to $ 2.45 , compared to $ 0.84 in the same quarter a year ago . • Cash flow from operations was $ 530 million , compared to $ 181 million in the same period a year ago . " This quarter's record results demonstrate the strength of our portfolio , addressing long - term growth trends in remote work and education , video collaboration , esports , and digital content creation , ” said Bracken Darrell , Logitech president and chief executive officer . “ We are increasingly investing in our capabilities and people for the growth potential we see in the future . Logitech has never been more relevant to our customers ' work , play and creativity . " Outlook Logitech raised its Fiscal Year 2021 annual outlook to between 57 and 60 percent sales growth in constant currency , and approximately $ 1.05 billion in non - GAAP operating income . The Company's previous outlook was between 35 and 40 percent sales growth in constant currency , and a range of $ 700 million to $ 725 million in non - GAAP operating income .