Tech company Logitech International (LOGI) boosted its operating income by over 300% in the second quarter of fiscal 2021 as more employers adopted a work-from-home model during the coronavirus pandemic.

The company saw sales increase by 75% to $1.26 billion compared to Q2 fiscal 2020, marking the first time that Logitech saw its sales exceed the billion-dollar mark.

The surge in sales was attributed by Logitech to a “hybrid work culture,” which the company said is becoming the new norm. Businesses across the U.S. were forced to shift their employees to work-from-home roles during the pandemic as they temporarily shut their doors to prevent the spread of COVID-19.

Now that the majority of businesses have reopened across the U.S., many employers have continued to keep workers home, employing office technologies from Logitech and other companies to facilitate virtual workspaces. Employers such as Facebook and Google are allowing their employees to continue working remotely into 2021. Twitter and Microsoft have said that its employees can work-from-home permanently.

Logitech President and CEO Bracken Darrell said in a statement: “Our growth and profitability accelerated again this quarter, and we are raising our annual outlook. The growth trends that drive our business have accelerated as society adjusts to its new reality.

“The organization leaders I speak to envision people increasingly working from multiple locations, a hybrid work culture that is emerging as the norm. And at home, the rise of gaming as a spectator and participant sport continues with no end in sight. Our products are essential to helping customers work, play and create wherever they are. Logitech is well positioned for long-term growth.”

Logitech also reported a Q2 fiscal 2021 GAAP operating income growth of 372% to $322 million compared to $68 million in the second quarter of fiscal 2020. GAAP earnings per share increased by 263% to $1.56 compared to 43 cents in Q2 fiscal 2020. Logitech’s operating cash flow was $280 million, up from $107 million in the same period a year ago.

Based on its performance, Logitech raised its fiscal year 2021 guidance to between 35% and 40% sales growth and a range of $700 million to $725 million in non-GAAP operating income. The company previously expected a 10% to 13% sales growth and a range of $410 million to $425 million in non-GAAP operating income for the year.

Shares of Logitech were trading at $94.31 as of premarket open on Tuesday, up $14.28 or 17.84%.

Logitech headquarters are pictured in Morges near Lausanne
Logitech headquarters are pictured in Morges near Lausanne on Jan. 6, 2009. REUTERS