Logitech games revenue up by 6% year-on-year

Logitech games revenue up by 6% year-on-year

Revenue from Logitech's games division rose by six per cent year-on-year for the 2019/20 fiscal year.

That's according to the company's financial report for the 12 months, which shows that the hardware company's games arm brought in $690,174 for the year, an increase on the $648,130 it made in the previous 12 months.

The most recent three months ending March 31st, gaming revenue was up by eight per cent, hitting $148,909.

Part of this success has been due to the COVID-19 coronavirus pandemic, which has seen people buying up equipment for working from home, as well as gaming. 

“We have delivered five consecutive years at or near double-digit growth, and Logitech’s products have never been more relevant,” president and CEO Bracken Darrell said.

“Video conferencing, working remotely, creating and streaming content, and gaming are long-term secular trends driving our business. The pandemic hasn’t changed these trends: it has accelerated them.”

Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch for Steel Media before departing the firm in October 2019.

He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.


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