21 September 2016

Lenovo Statement on Linux Support for Yoga

As the world’s number 1 PC company, we continue to focus on bringing value to the PC user, and creating unique and innovative form factors such as Yoga. Our consumer Windows PCs are specifically designed for and extensively tested on Windows 10. 
17 August 2016

SOLID LENOVO 1ST QUARTER FY16-17 IN FACE OF INDUSTRY & CURRENCY HEADWINDS

  • Revenue was US$10.1 billion, down 6% (down 4% excluding foreign exchange impacts) YoY
  • Pre-tax income of US$206 million, up 297% YoY
  • Net income of US$173 million, up 64% YoY
  • Positive developments across every business show transformation strategy’s traction
  • Disruptive innovation balanced with operational efficiency accelerates Lenovo’s transformation into a high-growth, “Device + Cloud” company
  • Basic EPS of 1.57 US cents, or 12.19 HK cents
HONG KONG, August 18, 2016 – Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced results for its first fiscal quarter ended June 30, 2016. Quarterly revenue was US$10.1 billion, a six percent decrease year-over-year (or four percent decrease in constant currency). Quarter-to-quarter, this represented a 10 percent increase. First quarter pre-tax income increased 297 percent year-over-year to US$206 million. Net income increased 64 percent year-over-year to US$173 million.
26 July 2016

JD.com and Lenovo Announce New Multiyear Partnership to Expand Availability of Lenovo Technology in China

JD.com becomes the preferred platform for Lenovo to debut strategic products; companies to collaborate on precision marketing and expanding rural outreach
14 July 2016

Lenovo Statement on Quarterly PC Rankings

CY2016 Q2 IDC & Gartner Rankings 

IDC and Gartner both announced this week their worldwide PC market share rankings for the 2nd quarter of 2016. Lenovo maintained its position as the world’s #1 PC company with 21.2 percent* market share. The company continued to outgrow the global PC market, with particularly strong double-digit shipment growth in North America.   
26 May 2016

Lenovo Announces Fourth Quarter and Full Year 2015/16 Results

 
  • Full year revenue US$44.9 billion, down 3% YoY; Q4 US$9.1 billion, down 19% YoY
  • Restructuring delivered US$690 million in 2nd half of the year, preserving profit
  • Full year pre-tax loss US$277 million; Q4 pre-tax income of US$193 million, up 86% YoY
  • Full year net loss of US$128 million; Q4 net income of US$180 million, up 80% YoY
  • Full year basic loss per share of 1.16 US cents, or 9.00 HK cents
 
HONG KONG, May 26, 2016 – Lenovo Group today announced results for its fourth fiscal quarter and full-year ended March 31, 2016. Lenovo strengthened its core PC business, enhanced its cost structure and protected its profit, despite facing internal and external challenges that impacted revenue, which was US$9.1 billion, down 19 percent year-over-year, while annual revenue was US$44.9 billion, down 3 percent year-over-year. At the same time, the largest restructuring program in Lenovo’s history delivered a better cost structure with US$690 million of savings in the 2nd half of the year, sending 4th quarter PTI up 86 percent year-over-year to US$193 million. Annual loss before tax was US$277 million. Fourth quarter net income was up 80 percent year-over-year to US$180 million, while full year net loss was US$128 million, even after US$330 million in non-cash M&A related accounting charges.