0
IT

Lenovo quarterly profits up as Motorola reaches breakeven

Thursday 8 November 2018 | 08:57 CET | News
Lenovo reported a strong improvement in results for its fiscal second quarter, supported by a return to breakeven at Motorola and continued growth in the PC business. Group revenue reached USD 13.4 billion, up 14 percent year-over-year, and operating profit more than tripled, to USD 290 million from USD 88 million a year ago. The net profit increased 21 percent to USD 168 million, and Lenovo proposed a stable interim dividend of HKD 0.06 per share.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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: IT / Mobile & Wireless
Companies: Lenovo / Motorola
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 launches charitable and philanthropic arm

Published 22 Oct 2018 14:05 CET | China
Lenovo has formally launched the Lenovo Foundation, a charitable and philanthropic arm of the company. The Foundation is expected ...

Lenovo teams up with Amazon to create voice-activated tablet products for homes

Published 21 Sep 2018 13:00 CET | World
Lenovo and Amazon teamed up to create Lenovo Smart Tab, a brand new line of voice-activated tablet products for the home that ...

Veeam and Lenovo partner for intelligent data management

Published 17 Sep 2018 14:44 CET | World
Veeam Software has formed a partnership to enable customers to purchase Veeam intelligent data management products with Lenovo ...

Lenovo introduces ThinkShield for enterprise security

Published 13 Sep 2018 15:26 CET | World
Lenovo announced ThinkShield, its new enterprise security platform, at its Transform 2.0 event. ThinkShield features a suite of ...

Lenovo unveils Yoga C630 'Windows on Snapdragon' laptop

Published 03 Sep 2018 14:28 CET | World
Lenovo has taken advantage of its appearance at IFA 2018 to unveil the Yoga C630 WOS (Windows on Snapdragon) 2-in-1 Windows 10 ...

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 intros ThinkAgile private cloud computing system with Cloudistics

Published 18 Jul 2018 10:06 CET | World
Lenovo Data Center Group announced the launch together with Cloudistics of the ThinkAgile CP Series composable cloud platform, a ...