Home › Lenovo Delivers Solid 2nd Quarter FY15-16 Operational Results
 

Keywords :   


Lenovo Delivers Solid 2nd Quarter FY15-16 Operational Results

2015-11-12 12:49:42| IT Services - Topix.net

Lenovo is successfully executing its business realignment plan and is on track to deliver US$ 650 million in the second half of the year and US$ 1.35 billion annually As announced in Q1 earnings report, Lenovo incurred US$599 million in restructuring costs and a US$324 million one-time charge to clear smartphone inventory in Q2 Hong Kong Financial Reporting Standards pre-tax loss** of US$842 million driven by restructuring costs and one time charges Lenovo Group today announced results for its second fiscal quarter ended September 30, 2015. Quarterly revenue was US$12.2 billion, a 16 percent year-over-year increase or 23 percent year-over-year in constant currency.

Tags: results solid 2nd quarter

Category:Information Technology

Latest from this category

All news
»
27.09Washington Corner | September 2024
27.09Hurricane Isaac Graphics
27.09Remnants of John Graphics
27.09Remnants of John Forecast Discussion Number 20
27.09Remnants of John Wind Speed Probabilities Number 20
27.09Remnants of John Public Advisory Number 20
27.09Summary for Remnants of John (EP5/EP102024)
27.09Tropical Storm Joyce Graphics
More »