0
Wireless

Lenovo posts quarterly loss on higher costs, flat sales

Friday 18 August 2017 | 08:31 CET | News
Lenovo moved to a net loss of USD 72 million in its fiscal first quarter to June, versus a profit of USD 173 million a year ago, after a rise in costs and flat sales in the period. Revenue of USD 10.012 billion was little changed compared to USD 10.056 billion a year earlier, and the operating result was a loss of USD 6 million versus a profit of USD 245 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?



Categories: IT / Mobile & Wireless
Companies: Lenovo
Countries: World
::: add a comment

Add comment

Please login or register to leave a 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 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 ...

Lenovo quarterly sales up 5%, net profit stable

Published 02 Nov 2017 08:37 CET | World
Lenovo returned to sales growth and stable profit in its fiscal second quarter to September. Revenues rose 5 percent year-on-year ...

Lenovo maakt verlies - minder omzet en hogere kosten

Published 18 Aug 2017 09:37 CET | World
Lenovo is in de rode cijfers gedoken door een tegenvallende afzet van pc's. In het eerste kwartaal tot en met juni rapporteerde ...

Lenovo updates Moto Z Play, adds more Moto Mods

Published 01 Jun 2017 17:18 CET | Brazil
Lenovo has unveiled a new edition of the Moto Z Play, its premium smartphone with the add-on Moto mods accessories. The second ...

Lenovo returns to sales growth in Q4

Published 25 May 2017 08:53 CET | World | Update: 25 May 2017 10:38 CET
Lenovo reported a return to revenue growth in its fiscal fourth quarter to March, after five quarters of decline. Sales rose 4.9 ...

Lenovo changes management at data centre division

Published 24 Mar 2017 11:25 CET | World
Lenovo made several organisational moves in a bid to strengthen its management team and improve its data centre division. The ...

Lenovo updates Moto G range, picks Alexa for Moto Z

Published 26 Feb 2017 18:43 CET | World
Lenovo has updated its Moto G smartphone range with the G5 and G5 Plus unveiled at Mobile World Congress. The company said the ...

Lenovo Q3 profit down sharply as mobile losses continue

Published 16 Feb 2017 08:51 CET | World
Lenovo reported a sharp fall in results for its fiscal third quarter to December, driven by continued weakness in its mobile and ...

Lenovo brings in new management as sales fall 8%

Published 03 Nov 2016 10:09 CET | World
Lenovo reported a return to profit in its fiscal second quarter to September, but sales were still down 8 percent to USD 11.2 ...





Calendar   /   Industry Events

18 Oct Apple Event
19 Oct A1 Telekom Austria Q3 2021
19 Oct Tele2 Q3 2021
19 Oct Netflix Q3 2021
19 Oct Iridium Q3 2021
19 Oct Arm DevSummit
19 Oct Pixel Fall Launch
19 Oct Arm DevSummit
20 Oct Crown Castle Q3
20 Oct Verizon Q3 2021
20 Oct Elisa Q3 results
20 Oct Bango strategy day
20 Oct Samsung Unpacked Part 2
21 Oct AT&T Q3 2021
21 Oct Orange Belgium Q3 2021
21 Oct Telenor Q3 2021
21 Oct Intel Q3
21 Oct Telia Q3 results
21 Oct Snap Q3
22 Oct Doro Q3 results
22 Oct Ericsson Q3 2021
::: More Calendar Items