That compares with the consensus estimate of $1.25 billion, according to Visible Alpha. Its adjusted operating profit for the third quarter ended December also rose 7 per cent to $266 million.

The Swiss-American company, which makes products such as keyboards, mouse and webcams, said its sales rose nearly 7% to $1.34 billion in what is traditionally its "biggest quarter of the year".

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In the first few years of the 2020s, global silicon shortages and a renewed interest in cryptocurrency meant mid-level computer parts and desktops were flying off the shelves and ballooning in price.