Esports Continues to Power Logitech International's Growth [The Motley Fool]
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Source: The Motley Fool
The leader in PC accessories continues to see exploding demand for gaming mice and keyboards. Logitech International ( NASDAQ:LOGI ) has been riding a tidal wave of demand for its gaming products. The rising popularity of esports and online competitive gaming have played into the hands of the leader in computer peripherals. The company's fiscal second-quarter 2019 results (three months ended Sept. 30, 2018) didn't disappoint, with strong growth in gaming products leading it to 9% year-over-year growth in sales and 26% growth in non- GAAP earnings per share. Ever since CEO Bracken Darrell took over in 2013, Logitech has been more focused on design and innovation, which continues to pay off. While gaming has emerged as Logitech's largest sales category, other areas of the business, such as video collaboration and other accessories, turned in credible results as well. The following is a review of the most important highlights from Logitech's second-quarter report.
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