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General

Netgear Q2 sales grow over 20% on demand for home working kit

Thursday 23 July 2020 | 09:14 CET | News
Netgear reported a strong improvement in second-quarter results, thanks to demand from consumers working and learning from home during the Covid-19 pandemic. Revenues jumped 21 percent to USD 280 million, and operating profit surged to USD 8.9 million from USD 0.3 million a year ago. Netgear said uncertainty remains over demand in its more profitable SMB segment and risks to the supply chain, and as a result, it will not give any future guidance. 

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Categories: General
Companies: Netgear
Countries: World
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