Lenovo Accelerates Turnaround with Back-to-Back, Double-Digit Quarterly Revenue Growth

With an eye to the future, Lenovo’s Capital and Incubator Group (LCIG) continues to invest and build the Group’s next-generation IT capabilities in AI, IoT, Big Data and VR/AR across various sectors such as manufacturing, healthcare and transportation.

About Lenovo

Lenovo (HKSE: 0992) (PINK SHEETS: LNVGY) is a US$45 billion Fortune Global 500 company and a global technology leader in driving Intelligent Transformation through smart devices and infrastructure that create the best user experience. Lenovo manufactures one of the world’s widest portfolio of connected products, including smartphones (Motorola), tablets, PCs (ThinkPad, Yoga, Lenovo Legion) and workstations as well as AR/VR devices and smart home/office solutions. Lenovo’s data center solutions (ThinkSystem, ThinkAgile) are creating the capacity and computing power for the connections that are changing business and society. Lenovo works to inspire the difference in everyone and build a smarter future where everyone thrives. Follow us on LinkedInFacebookTwitterInstagramWeibo, read about the latest news via our Storyhub, or visit our website at http://www.lenovo.com/.

       
LENOVO GROUP
 
FINANCIAL SUMMARY

For the fiscal quarter ended June 30, 2018

(In US$ millions, except per share data)

               
 


Q1 18/19

 

Q1 17/18

 
Y/Y CHG
Revenue 11,913     10,012     19 %
Gross profit 1,632     1,365     20 %
Gross profit margin 13.7 %   13.6 %   0.1 pts
Operating expenses (1,452 )   (1,371 )   6 %
Expenses-to-revenue ratio 12.2 %   13.7 %   (1.5) pts
Operating profit/(loss) 180     (6 )   N/A  
Other non-operating expenses (67 )   (63 )   7 %
Pre-tax income/(loss) 113     (69 )   N/A  
Taxation (28 )   15     N/A  
Profit/(loss) for the period 85     (54 )   N/A  
Non-controlling interests (8 )   (18 )   (55 )%
Profit/(loss) attributable to equity holders 77     (72 )   N/A  
EPS (US cents)

 

Basic 0.65 (0.66 ) N/A
Diluted     0.65     (0.66 )  

N/A

 






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