Lenovo’s quarterly profit doubled
China’s Lenovo Group, the world’s largest personal computer maker, reported a better-than-expected second-quarter profit after tax of $505 million, up 108 percent from $243 million a year earlier, according to an earnings report posted on the company’s website.
Profit excluding one-time items rose 22 percent to $389 million from $320 million. Pre-tax profit rose 99 percent to $622 million from $313 million.
Lenovo’s revenue rose 22 percent to a record $18.83 billion.
Analysts’ average forecast was for a lower profit after tax of $337 million and revenue of $17.1 billion.
The Intelligent Device Group (IDG), a key revenue driver, which includes PCs, tablets and smartphones, saw sales grow 18 percent to $13.5 billion. The Infrastructure Solutions Group (ISG), which provides “intelligent” infrastructure solutions to businesses, saw revenue grow 36 percent to $4.3 billion. The Solutions & Services Group (SSG), which encompasses all Lenovo IT solutions and services, saw revenue grow 20 percent to $2.3 billion.
Related news
Hungarian business leaders who are able to grow even in a crisis
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Samsung’s 2025 OLED TVs Receive VDE “Real Black” Certification for Leading-Edge Picture Quality
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >A third of Hungarians cannot call a reliable professional in case of a home emergency
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Business sentiment improved slightly in September in the euro area and the EU
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Our food waste has decreased by a third in the last 8 years
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >PET bottles get a new look: 25% recycled content mandatory from January
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >