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Lenovo sales up 31%, profits fall on acquisition costs

Tuesday 3 February 2015 | 08:34 CET | News
Lenovo reported revenues for its fiscal third quarter of USD 14.1 billion, up 31 percent year-on-year. Adjusted pretax profit, excluding costs for the company's takeovers of Motorola Mobility and IBM's x86 server business, rose 8 percent to USD 348 million. Including these costs, net profit for the three months to December fell 5 percent to USD 253 million. PCs accounted for 65 percent of the company's revenue, down from 81 percent a year ago, while Mobile delivered 24 percent and Enterprise contributed 9 percent. Lenovo shipped 16 million PCs in the quarter, up 4.9 percent year-over-year.

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Categories: IT / Mobile & Wireless
Companies: Lenovo / Motorola Mobility
Countries: World
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