0
General

Lenovo doubles quarterly profits on cost cuts, strong PC sales

Thursday 15 August 2019 | 09:00 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
Lenovo nearly doubled its operating profit in the fiscal first quarter to June, thanks to improved profitability across all its divisions. Revenues were up 5 percent to USD 12.5 billion, driven by the PC business, and the net profit rose to USD 162 million from USD 77 million a year ago. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Lenovo
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Lenovo Data Center Group releases cloud-based business agility products

Published 04 Sep 2020 10:01 CET | World
Lenovo Data Center Group (DCG) released a range of new and updated ThinkAgile hyperconverged infrastructure (HCI) products in ...

Lenovo quarterly sales flat, profits up on premium PC growth

Published 20 Feb 2020 08:57 CET | World
Lenovo reported sales unchanged year-on-year for its fiscal third quarter to December, at USD 14.1 billion. Operating profit was ...

Lenovo quarterly revenue growth slows to 1%, net profit still up 20%

Published 07 Nov 2019 09:19 CET | World
Lenovo saw its revenue growth slow to 1 percent in the fiscal second quarter to September, to USD 13.52 billion, as the uncertain ...

Lenovo releases MyLenovo Rewards customer loyalty programme

Published 20 Sep 2019 10:29 CET | World
Lenovo said it launched MyLenovo Rewards, a new consumer loyalty programme that lets customers earn rewards on everything they ...

Lenovo launches new home hub tablets with Google Assistant Ambient mode

Published 06 Sep 2019 09:28 CET | World
Lenovo has introduced at the IFA show two new Android tablets designed to work also as smart home hubs. In addition to the Yoga ...

Lenovo, Intel to collaborate on speeding convergence of HPC, AI

Published 05 Aug 2019 15:35 CET | World
Intel and Lenovo entered into a multi-year collaboration focused on high-performance computing (HPC) and artificial intelligence ...

Lenovo cuts 500 staff in continued restructuring

Published 31 May 2019 10:26 CET | World
Lenovo is eliminating 500 staff worldwide, including some in its US headquarters at Research Triangle Park in North Carolina. A ...

India PC shipments drop 8.3% to 2.15 mln units in Q1

Published 23 May 2019 10:43 CET | India
India's traditional personal computing (PC) market declined for the third consecutive quarter in the first three months of 2019, ...

Lenovo FY profits up strongly as Moto business turns around

Published 23 May 2019 09:06 CET | World
Lenovo reported a strong improvement in profits for the year to March, driven by cost-cutting and a return to profit at its ...

Lenovo unveils new intelligent devices, products for enterprise

Published 15 May 2019 17:12 CET | World
Lenovo presented its latest commercial products at the annual Transform 3.0 at Accelerate event. These products include the ...

Lenovo previews laptop with foldable display

Published 14 May 2019 14:58 CET | World
Lenovo has previewed a new foldable ThinkPad laptop at its Accelerate event in Orlando. The computer comes with a 2K Oled display ...

Lenovo lifts revenues, profits in Q3, boosted by first profit at Motorola

Published 21 Feb 2019 09:10 CET | World
Lenovo said revenues for its fiscal third quarter to end December reached their highest level in four quarters, boosted by a ...

Lenovo quarterly profits up as Motorola reaches breakeven

Published 08 Nov 2018 08:57 CET | World
Lenovo reported a strong improvement in results for its fiscal second quarter, supported by a return to breakeven at Motorola and ...

Lenovo returns to profit as quarterly sales grow 19%

Published 16 Aug 2018 08:50 CET | World
Lenovo reported a return to profit in its fiscal first quarter to June, driven by revenue growth and cost savings from the merger ...





Calendar   /   Industry Events

26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct CCW Europe 2020
27 Oct Akamai Technologies Q3 2020
27 Oct Megacable Q3 2020
27 Oct Microsoft fiscal Q1
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Telefonica Brasil Q3 2020
27 Oct Sequans Communications Q3 2020
28 Oct Telefonica Deutschland Q3 2020
28 Oct Equinix Q3 2020
28 Oct 8x8 fiscal Q2
28 Oct Ooredoo Q3 2020
28 Oct ZTE Q3 2020
28 Oct Belden Q3 2020
28 Oct Extreme Networks fiscal Q1
28 Oct KPN Q3 2020
28 Oct Cognizant Q3 2020
28 Oct Telecoms World Asia 2020
29 Oct Digital Realty Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
29 Oct Dasan Zhone Q3
29 Oct Ribbon Communications Q3
29 Oct Comcast Q3 2020
29 Oct Veon Q3 2020
29 Oct NTT Docomo fiscal Q2
::: More Calendar Items