Earnings release
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Editorial Contacts : logitech Ben Lu , CFA , Vice President , Investor Relations - lir@logitech.com Nicole Kenyon , Head of Global Corporate & Employee Communications - USA ( 510 ) 988-8553 Ben Starkie , Corporate Communications - Europe +41 ( 0 ) 79-292-3499 Logitech Delivers Strong Start to Fiscal Year 2022 Company's Q1 Sales Grow 66 % and Profits Double LAUSANNE , Switzerland , July 27 , 2021 and NEWARK , Calif . , July 26 , 2021 Exchange Ad hoc announcement pursuant to Art . 53 LR _ SIX Swiss Logitech International ( SIX : LOGN ) ( Nasdaq : LOGI ) today announced financial results for the first quarter of Fiscal Year 2022 . • Q1 sales were $ 1.31 billion , up 66 percent in US dollars and 58 percent in constant currency , compared to Q1 of the prior year . • Q1 GAAP operating income grew 143 percent to $ 203 million , compared to $ 83 million in the same quarter a year ago . Q1 GAAP earnings per share ( EPS ) grew 160 percent to $ 1.09 , compared to $ 0.42 in the same quarter a year ago . Q1 non - GAAP operating income grew 100 percent to $ 235 million , compared to $ 117 million in the same quarter a year ago . Q1 non - GAAP EPS grew 91 percent to $ 1.22 , compared to $ 0.64 in the same quarter a year ago . " We've started strong in Fiscal Year 2022 , with Q1 sales up 58 % in constant currency and profits doubling versus last year , ” said Bracken Darrell , Logitech president and chief executive officer . " Our key categories grew high double digits . This performance demonstrates the strength of our capabilities , excellent operational execution , and ability to capitalize on long - term trends , like gaming , streaming and creating , hybrid work and video everywhere . ” Outlook Logitech confirmed its Fiscal Year 2022 outlook of flat sales growth in constant currency , plus or minus five percent , and $ 800 million to $ 850 million in non - GAAP operating income .