By Dhirendra Tripathi

Investing.com – Logitech stock (NASDAQ:) rose 2.5% on Tuesday as the company raised its current-year outlook following a beat in the December quarter.

Although sales were down, estimates showed that they had exceeded expectations because demand for the keyboards, mice and PC gaming headsets was strong.

According to Reuters Chief Executive Bracken Diller said that the company was now looking at companies how they will design their offices in the future when employees use a mixture of on-site and home locations.

I don’t believe we will be going back to the same offices as before. However, we will still need to have multiple offices and employees will require video surveillance because many of us will be calling from home.

This optimism led to the company raising its outlook for current year revenue growth to 2%-5% in constant currency, with adjusted operating income between $850million and $900million.

Last October, the company confirmed its forecast of flat sales growth plus or minus 5 percent.

The company’s third quarter was set up for tough comparisons given the pandemic drove sales of those devices to record highs in the same period last year.

Sales of keyboards and combos were up 29%, its ninth consecutive quarter of double digit growth. The company was able to expand its market share despite a 12% drop in PC webcam sales. Logitech claimed that they are focusing on convincing more customers to invest in its webcams, which it claims offer better experiences.

As the company reviewed these businesses and closed some, certain categories like mobile speakers, smart home, and audio- and wearables devices declined.

The higher freight cost resulted in an adjustment of operating margin that fell 4.6 percentage points to 40%. While sales fell 35% to $1.6billion year-on-year, profit per share dropped 37% to $1.55.