24 May 2017

LENOVO ANNOUNCES FOURTH QUARTER AND FULL YEAR 2016/17 RESULTS

  • Good progress with new three-wave strategy in a year of transformation
  • New end-to-end ownership model to help manage each business differently
  • Fourth-Quarter revenue was US$9.6 billion; Full-Year revenue was US$43 billion
  • Fourth-Quarter net income was US$107 million; Full-Year net income was US$535 million
  • Full-year basic earnings per share of 4.86 US cents, or 37.71 HK cents
 
HONG KONG, May 25, 2017 – Lenovo Group today announced results for its fourth fiscal quarter and full-year ended March 31, 2017. In what was a year of significant transformation,  Lenovo made good progress in implementing and executing its new “three-wave strategy,” designed to meet the critical business challenges of today, while positioning the Company for continued long-term profitable growth.
23 March 2017

Lenovo Strengthens Data Center Business to Accelerate Growth, Announces New Leadership Roles on its Management Team

Research Triangle Park, N.C. March 23, 2017 — To further accelerate growth in its global data center business, Lenovo (HKSE: 992) today announced several organizational moves that strengthen its management team and advance the company’s drive to become the industry’s most trusted global data center partner, while serving the fastest expanding market segments and further improving the responsiveness of its customer support.  As part of this realignment, the company appointed Kim Stevenson, the former CIO of Intel, senior vice president and general manager, joining its Data Center Group’s senior management team along with three other executives named to new positions today.
14 March 2017

Lenovo Names Francois Bornibus New President EMEA

Tuesday 14th March, 2017 – Lenovo (HK:992) (ADR:LNVGY) today announced the promotion of Francois Bornibus to President EMEA (Europe, Middle East and Africa) effective 1st April 2017. Bornibus, currently VP and Chief Operating Officer Lenovo EMEA, will report to Luca Rossi who will continue to hold the overarching responsibility for both EMEA and Latin America markets.
08 March 2017

Lenovo appoints Torod Neptune as VP Global Communications

NORTH CAROLINA, March 8th, 2017 – Torod Neptune is to join Lenovo as Vice President Global Communications, starting 27th March.  Torod is currently Vice President of Corporate Communications for Verizon Communications and succeeds Jeff Shafer who moved to lead communications at the University of North Carolina at Greensboro at the end of 2016.  Torod will report to Lenovo Chief Marketing Officer David Roman.
15 February 2017

LENOVO’S THIRD QUARTER FY 2016/17 RESULTS LED BY GROWTH IN PC BUSINESS

  • Revenue was US$12.2 billion
  • Pre-tax income was US$101 million
  • Net income was US$98 million
  • Lenovo’s PC business outperformed the industry with revenue growth at two percent year-over-year
  • Record PC market share of 22.4 percent worldwide
  • Basic EPS of 0.90 US cents or 6.98 HK cents
 
HONG KONG, February 16, 2017 – Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced results for its third fiscal quarter ended December 31, 2016. Quarterly revenue was US$12.2 billion, a six percent decrease year-over-year. Third quarter pre-tax income was US$101 million, a 68 percent decline year-over-year. Net income fell 67 percent year-over-year to US$98 million.