Lenovo delivers 10th straight quarter of improved profitability - China Daily

1 year ago 35

Lenovo Group announced connected Wednesday that its profitability was improving year-on-year for the 10th consecutive quarter, arsenic its nett income from July to September grew 6 percent year-on-year to $541 cardinal (3.9 cardinal yuan).

Lenovo said its gross besides grew to $17.1 billion, up 3 percent year-on-year successful changeless currency, arsenic its non-PC concern achieved a robust show contempt challenges.

Yang Yuanqing, president and CEO of Lenovo, said, "Our non-PC businesses are gaining momentum and present correspond much than 37 percent of our revenue. Both solutions and services concern and infrastructure concern saw precocious double-digit gross maturation twelvemonth connected year."

"For Lenovo, these results beryllium that our strategical foresight, operational resilience, and accordant concern successful diversified maturation engines, person prepared america good for challenging times. Whether our accepted markets are booming oregon contracting, Lenovo consistently delivers connected its commitments and outperforms marketplace expectations," Yang said.

According to Lenovo, each main businesses contributed affirmative operating profit, demonstrating further advancement towards the company's extremity of doubling profitability successful the medium-term. Lenovo besides highlighted that its steadfast currency equilibrium means it remains committed to doubling investments successful probe and improvement successful the medium-term, having grown R&D spending 15 percent year-on-year successful the quarter.

While existent outer challenges persist, Lenovo said it remains agile and focused connected pursuing its strategy and ensuring ongoing profitability by rebalancing resources towards its diversified maturation engines and driving efficiencies and disbursal simplification done the business.

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