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Lenovo's Q1 profit grows 25 percent on PC, smartphone gains
2014-05-21 16:03:14| InfoWorld: Top News
Lenovo's net profit grew 25 percent year-over-year in the first quarter as the Chinese company continued to make gains in the PC and smartphone markets. During the period ended March 31, Lenovo's net profit reached $158 million, up from $127 million a year earlier. The company's revenue also increased, by 19 percent to $9.4 billion.
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Lenovo grows Q4 earnings 25%
2014-05-21 08:50:00| Telecompaper Headlines
(Telecompaper) Lenovo reported revenue of USD 9.4 billion for its fiscal fourth quarter to March, up 19 percent year-on-year. Laptop sales rose 16 percent to USD 5.1 billion, desktop PC sales were up 14 percent to USD 2.7 billion, and mobile phone and tablet sales increased 71 percent to USD 1.3 billion. Lenovo said its smartphone shipments grew 59.4 percent in the fourth quarter, outpacing the global market by 28 percent. The company also reported an average 25 million downloads a day for its Lenovo App store. The group's quarterly operating profit increased 37 percent to USD 231 million, and net earnings were up 25 percent to USD 158 million. Lenovo said it again outperformed the PC market, which contracted 8 percent last year. The company added 2.1 points of market share to take 17.7 percent of the PC market last year. The company sold in total 114 million devices over the fiscal year, up 37 percent from a year earlier. PCs and tablets accounted for 64 million units, and the remainder were mobile phones.
Ardent Mills' leadership team grows
2014-05-09 14:24:49| Agriculture - Topix.net
ConAgra Mills, Omaha, Neb.; Cargill, Minneapolis; and CHS Inc., Inver Grove Heights, Minn., announced additions to the growing leadership team for its future joint venture flour milling company, Ardent Mills.
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Liberty Global grows revenues 2%, cash flow 8% in Q1
2014-05-07 08:30:00| Telecompaper Headlines
(Telecompaper) Cable operator Liberty Global added 370,000 revenue-generating units in the first quarter, for a total 48.64 million at the end of March. The company gained 345,000 RGUs on an organic basis, and the remainder came from small acquisitions in the UK and Austria. The total included 239,000 new broadband customers and 177,000 more telephony subscribers, offsetting a loss of 71,000 TV customers. The customer base was down by a net 6,000 in the three months, to 24.50 million. Liberty Global said it passed the 10 million triple-play customers mark during the quarter, ending Q1 with 57 percent of its customers on a bundled offer. The company also highlighted sales of its advanced TV boxes, Horizon and Tivo, which added 250,000 subscribers in Q1 to reach 550,000 Horizon users and 2.1 million Tivo customers. ARPU was USD 49.08 for the quarter, up 27 percent year-on-year thanks to the takeover of Virgin Media. The acquisition helped revenues increase to USD 4.5 billion from USD 2.7 billion a year ago. On a pro forma basis and excluding currency effects, revenues were up 2 percent. Operating cash flow was up 69 percent year-on-year to USD 2.1 billion, equal to 8 percent growth on a pro forma basis. Liberty Global maintained capital expenditure at 20 percent of revenue in the quarter, or USD 910 million.
Fitesa\'s Latin America footprint grows
2014-05-07 07:00:00| Nonwovens Industry Breaking News
Tags: america
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