Logitech, the maker of keyboards, headsets and webcams for computers, posted record revenue for the fiscal full-year, spurred by remote workers buying its gear.
The company said on its website that sales rose 76 percent to $5.25 billion in the year ended March 31, 2021. Logitech also plans expand its share-buyback program from $250 million to $1 billion.
“Fiscal Year 2021 was our best year ever,” said Bracken Darrell, Logitech’s president and chief executive officer. “It has been rewarding to see Logitech’s products play an essential role enabling work, creation, connection and entertainment as our homes became schools, offices and playgrounds.
Darrell said the continuing popularity of videoconferences, e-sports and streaming content as well as continued remote work would continue be a boon for the Lausanne, Switzerland-based company.