Home 禄 Sunday 禄 Technology
Lenovo shifts to black
Print Edition
Lenovo Group Ltd posted a profit turnaround in its fiscal quarter ended in June amid a robust double-digit growth in revenue as computer sales boomed, China鈥檚 No. 1 PC maker said yesterday.
Hong Kong-listed Lenovo鈥檚 net profit totaled US$77 million in the quarter, a reversal from its loss of US$72 million a year ago. The result beat analysts鈥 prediction of US$59 million.
Its revenue jumped 19 percent year on year to US$11.9 billion for a second consecutive double-digit quarterly growth.
Lenovo has 鈥減assed the turning point鈥 and entered a phase of 鈥渁cceleration,鈥 Yang Yuanqing, the company鈥檚 chairman and CEO, said in a statement yesterday.
The turnaround boosted Lenovo鈥檚 shares by 3.37 percent yesterday, compared with a 0.82 percent drop in the key Hang Send Index.
Globally, PC sales are set to rebound 1 percent in 2018, according to researchers Gartner and IDC.
Lenovo also has growing businesses covering data center, supercomputing and investment.
Lenovo鈥檚 Capital and Incubator Group will continue to invest in next-generation IT capabilities in artificial intelligence, Internet of Things, big data and virtual reality/augmented reality in manufacturing, health care and transport, the company said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
