0
IT

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

Thursday 7 November 2019 | 09:19 CET | News
Lenovo saw its revenue growth slow to 1 percent in the fiscal second quarter to September, to USD 13.52 billion, as the uncertain economic climate started to weigh on sales. Profits continued to show double-digit growth, on improved margins in the mobile phone, PC and data centre businesses. 

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: IT / Mobile & Wireless
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 Q4 results hit by Wuhan production shutdown, product shortages

Published 20 May 2020 09:15 CET | World
Lenovo reported revenue for its fiscal fourth quarter down 9.7 percent year-on-year to USD 10.6 billion. The company was hurt by ...

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 Data Centre Group appoints Di Filippo as new president for EMEA

Published 31 Jan 2020 14:20 CET | World
Lenovo Data Centre Group has appointed Giovanni Di Filippo as president for Europe, Middle East and Africa (EMEA). Previously, he ...

Lenovo expands smart home range with new Smart Tab, Smart Frame and security launches

Published 07 Jan 2020 10:13 CET | World
Lenovo has taken advantage of its appearance at CES 2020 to launch three new smart home products with Google Assistant ...

Motorola launches USD 400 One Hyper smartphone with 64MP main cam and pop-up selfie

Published 05 Dec 2019 08:46 CET | World
The Android 10 phone also comes with a 6.5-inch display with 1080p+ resolution, a Snapdragon 675 chipset,  4GB of RAM and 128GB ...

IDC raises PC market forecast to 0.5% growth in 2019

Published 27 Nov 2019 10:42 CET | World
IDC has raised its outlook for the computer market this year, following strong growth in the third quarter. The market researcher ...

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 global 'Smarter Technology for All' campaign

Published 10 Sep 2019 09:27 CET | World
Lenovo has announced a worldwide brand campaign that it aims to illustrate the power of technology in creating a more diverse and ...

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 releases new Android tablets

Published 03 Sep 2019 09:05 CET | World
Lenovo has presented ahead of the Ifa show two new tablets for its Android tablet family, the Lenovo Tab M7 and Lenovo Tab M8. ...

Lenovo doubles quarterly profits on cost cuts, strong PC sales

Published 15 Aug 2019 09:00 CET | World
Lenovo nearly doubled its operating profit in the fiscal first quarter to June, thanks to improved profitability across all its ...

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 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 ...